Fortive (NYSE:FTV) Given New $59.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Fortive’s price target to $59 from $56 but maintained an “underweight” rating, implying roughly 10% downside from the prior close.
• Fortive reported stronger-than-expected quarterly results, with EPS of $0.77 versus the $0.70 consensus and revenue of $1.11 billion versus $1.07 billion expected. Management also raised its 2026 adjusted EPS guidance to $3.10–$3.14.
• Analyst sentiment remains mixed: Fortive has a consensus “Hold” rating and an average price target of $64.36, while shares recently traded at $65.66. Institutional investors own approximately 94.94% of the company.

Fortive (NYSE:FTV - Get Free Report) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $56.00 to $59.00 in a report issued on Thursday, Benzinga reports. The firm presently has an "underweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 10.14% from the company's previous close.

Several other brokerages have also recently weighed in on FTV. Weiss Ratings cut Fortive from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 27th. Citigroup upped their price objective on shares of Fortive from $65.00 to $71.00 and gave the company a "neutral" rating in a research note on Thursday. Argus reiterated a "buy" rating and set a $68.00 price objective on shares of Fortive in a research report on Wednesday, August 19th. Royal Bank Of Canada lifted their target price on shares of Fortive from $59.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, Robert W. Baird set a $75.00 price target on Fortive in a research note on Thursday. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Fortive has an average rating of "Hold" and a consensus target price of $64.36.

Fortive Price Performance

Fortive stock traded up $1.55 during mid-day trading on Thursday, reaching $65.66. The company had a trading volume of 3,765,356 shares, compared to its average volume of 3,096,465. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. Fortive has a fifty-two week low of $49.03 and a fifty-two week high of $67.03. The company has a market cap of $19.83 billion, a P/E ratio of 38.85, a P/E/G ratio of 2.50 and a beta of 1.07. The business has a fifty day simple moving average of $57.52 and a 200 day simple moving average of $58.55.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.07. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%. Fortive's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, equities research analysts predict that Fortive will post 3.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Peter C. Underwood sold 8,662 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $61.59, for a total transaction of $533,492.58. Following the transaction, the senior vice president directly owned 79,118 shares of the company's stock, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Fortive

Hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors grew its holdings in Fortive by 2.1% during the first quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company's stock valued at $500,000 after purchasing an additional 187 shares during the period. Mather Group LLC. raised its stake in shares of Fortive by 86.8% in the third quarter. Mather Group LLC. now owns 467 shares of the technology company's stock valued at $26,000 after buying an additional 217 shares during the period. Baird Financial Group Inc. lifted its position in shares of Fortive by 2.0% during the 2nd quarter. Baird Financial Group Inc. now owns 11,127 shares of the technology company's stock valued at $680,000 after buying an additional 222 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of Fortive by 4.2% during the 1st quarter. First Citizens Bank & Trust Co. now owns 5,604 shares of the technology company's stock valued at $310,000 after buying an additional 224 shares during the last quarter. Finally, Dakota Community Bank & Trust NA lifted its position in shares of Fortive by 59.2% during the 1st quarter. Dakota Community Bank & Trust NA now owns 702 shares of the technology company's stock valued at $39,000 after buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Fortive News Roundup

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Q3 results exceeded expectations: Fortive reported adjusted EPS of $0.77, ahead of the $0.70 consensus estimate, while revenue rose 7.8% year over year to $1.11 billion, above expectations of $1.07 billion. Fortive Reports Third Quarter 2026 Results
• Positive Sentiment: Growth and profitability strengthened: Management highlighted more than 7% core growth, approximately 10% adjusted EBITDA growth and 13% adjusted EPS growth. This marked Fortive’s fifth consecutive quarter of double-digit adjusted EPS growth. Fortive Q3 Earnings Beat Estimates on Strong Core Growth, View Raised
• Positive Sentiment: 2026 guidance was raised: Fortive now expects adjusted EPS of $3.10 to $3.14, above the FactSet estimate of $3.01, signaling continued confidence in its cost-reduction and operating-improvement initiatives. Fortive 2026 Adjusted EPS Guidance
• Positive Sentiment: Analysts lifted price targets: Evercore ISI raised its target to $67 from $60, while RBC increased its target to $68 from $59. These revisions reinforce the positive reaction to the earnings beat, though RBC maintained a Sector Perform rating. RBC Raises Fortive Price Target
• Neutral Sentiment: Truist raised its price target modestly to $65 from $63 but retained a Hold rating, suggesting the improved outlook may already be reflected in the stock. Truist Adjusts Fortive Price Target
• Negative Sentiment: One analysis characterized Fortive as leaner and more profitable but somewhat overvalued. Shares trade at a relatively elevated earnings multiple, while healthcare margin pressure could limit further upside. Fortive Leaner and More Profitable but Somewhat Overvalued

About Fortive

Fortive Corporation NYSE: FTV is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company's portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.