Brokerages Set Fortive Corporation (NYSE:FTV) Price Target at $61.23

Shares of Fortive Corporation (NYSE:FTV) have received a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.2308.

FTV has been the topic of several recent analyst reports. Barclays boosted their price target on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Wells Fargo & Company raised their target price on shares of Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Morgan Stanley upped their price target on shares of Fortive from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Mizuho reiterated an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a research note on Monday, January 5th.

Fortive Trading Down 0.9%

Fortive stock opened at $54.88 on Friday. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 2.99 and a beta of 1.10. The firm has a 50-day moving average of $56.40 and a 200-day moving average of $53.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. Fortive has a one year low of $46.34 and a one year high of $76.54.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. Fortive’s quarterly revenue was up 4.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities analysts expect that Fortive will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, March 13th. Fortive’s dividend payout ratio (DPR) is 13.87%.

Insider Buying and Selling

In related news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the transaction, the director owned 31,775 shares in the company, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

Institutional Trading of Fortive

A number of hedge funds have recently made changes to their positions in FTV. DV Equities LLC acquired a new position in shares of Fortive during the 4th quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in Fortive during the 3rd quarter valued at $28,000. Root Financial Partners LLC boosted its position in Fortive by 43.6% during the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after purchasing an additional 168 shares during the period. Exchange Traded Concepts LLC boosted its position in Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after purchasing an additional 236 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after purchasing an additional 357 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin‑off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin‑off of Vontier, concentrating Fortive’s activities on higher‑margin instrumentation, software and services.

Fortive’s operations center on professional test and measurement, sensing and monitoring, software‑enabled solutions, and lifecycle services that support industrial and commercial customers.