Seaport Res Ptn Has Bearish Outlook for Fortive Q1 Earnings

Fortive Co. (NYSE:FTV) – Analysts at Seaport Res Ptn reduced their Q1 2025 earnings per share estimates for Fortive in a research report issued to clients and investors on Monday, December 23rd. Seaport Res Ptn analyst S. Graham now forecasts that the technology company will post earnings of $0.90 per share for the quarter, down from their prior estimate of $0.91. The consensus estimate for Fortive’s current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Fortive’s Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.00 EPS, FY2025 earnings at $4.07 EPS, Q1 2026 earnings at $1.00 EPS, Q2 2026 earnings at $1.11 EPS, Q3 2026 earnings at $1.10 EPS and FY2026 earnings at $4.50 EPS.

Several other equities analysts also recently commented on FTV. Citigroup downgraded Fortive from a “buy” rating to a “neutral” rating and cut their target price for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Wells Fargo & Company reduced their target price on shares of Fortive from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Truist Financial increased their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Raymond James upgraded shares of Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. upgraded shares of Fortive from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $90.00 to $92.00 in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.82.

Fortive Stock Up 0.7 %

Shares of FTV opened at $75.00 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $76.09 and a two-hundred day moving average price of $74.43. The stock has a market cap of $26.02 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 2.15 and a beta of 1.14. Fortive has a 12 month low of $66.15 and a 12 month high of $87.10.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue was up 2.7% on a year-over-year basis.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, November 29th. Fortive’s dividend payout ratio is presently 12.75%.

Insider Buying and Selling at Fortive

In related news, SVP Stacey A. Walker sold 171,808 shares of the company’s stock in a transaction 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 approximately $3,058,503.21. This represents a 80.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Peter C. Underwood sold 5,000 shares of Fortive stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the senior vice president now directly owns 48,346 shares in the company, valued at $3,702,336.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Fortive

A number of large investors have recently bought and sold shares of FTV. Private Advisor Group LLC raised its holdings in shares of Fortive by 3.6% in the third quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock valued at $308,000 after purchasing an additional 135 shares during the last quarter. Patton Albertson Miller Group LLC grew its position in Fortive by 1.7% in the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock valued at $699,000 after purchasing an additional 150 shares in the last quarter. Andina Capital Management LLC increased its stake in Fortive by 3.4% in the 3rd quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company’s stock valued at $362,000 after buying an additional 152 shares during the last quarter. Axiom Advisory LLC lifted its position in Fortive by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,048 shares of the technology company’s stock worth $734,000 after buying an additional 157 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its stake in shares of Fortive by 4.7% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 3,641 shares of the technology company’s stock worth $270,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Fortive

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.