Weekly Research Analysts’ Ratings Updates for Fortive (FTV)

Fortive (NYSE: FTV) recently received a number of ratings updates from brokerages and research firms:

• 1/15/2025 – Fortive had its price target lowered by analysts at JPMorgan Chase & Co. from $92.00 to $90.00. They now have an “overweight” rating on the stock.
• 1/9/2025 – Fortive was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/8/2025 – Fortive had its price target lowered by analysts at Barclays PLC from $95.00 to $90.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – Fortive had its price target raised by analysts at Wells Fargo & Company from $77.00 to $80.00. They now have an “equal weight” rating on the stock.
• 1/1/2025 – Fortive was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/19/2024 – Fortive had its price target raised by analysts at Truist Financial Co. from $89.00 to $90.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Fortive was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $86.00 price target on the stock, down previously from $92.00.
• 11/18/2024 – Fortive had its “hold” rating reaffirmed by analysts at Argus.

Fortive Stock Up 0.9 %

FTV stock opened at $78.01 on Thursday. The company’s 50 day moving average price is $76.44 and its 200 day moving average price is $74.71. The firm has a market capitalization of $27.07 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.11 and a beta of 1.14. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts anticipate that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Friday, November 29th. Fortive’s dividend payout ratio (DPR) is 12.75%.

Insider Transactions at Fortive

In other news, SVP Peter C. Underwood sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the sale, the senior vice president now owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the transaction, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at $3,058,503.21. This trade represents a 80.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FTV. Raymond James & Associates boosted its stake in Fortive by 15.0% in the third quarter. Raymond James & Associates now owns 395,488 shares of the technology company’s stock valued at $31,216,000 after acquiring an additional 51,690 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Fortive by 4.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,932 shares of the technology company’s stock valued at $389,000 after purchasing an additional 226 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Fortive by 197.0% in the 4th quarter. First Hawaiian Bank now owns 15,264 shares of the technology company’s stock valued at $1,145,000 after purchasing an additional 10,125 shares during the period. Principal Financial Group Inc. grew its stake in Fortive by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 406,085 shares of the technology company’s stock worth $32,052,000 after buying an additional 10,795 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Fortive during the third quarter worth approximately $1,346,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.