Fortive Corporation (NYSE:FTV) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Fortive holds a consensus “Hold” rating among 13 analysts, with two sell, nine hold, and two buy recommendations. The average 12-month price target is $62.36, compared with the stock’s opening price of $57.34.
• Fortive’s latest quarterly results exceeded expectations, with adjusted EPS of $0.74 versus the $0.71 consensus and revenue of $1.10 billion versus estimates of $1.07 billion. The company expects fiscal 2026 EPS of $2.95–$3.05.
• The company increased its quarterly dividend from $0.06 to $0.07 per share, equal to an annualized dividend of $0.28 and a 0.5% yield. Institutional investors own approximately 94.94% of Fortive’s shares.

Fortive Corporation (NYSE:FTV - Get Free Report) has earned a consensus rating of "Hold" from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $62.36.

A number of research analysts recently weighed in on FTV shares. Evercore started coverage on Fortive in a report on Monday, September 28th. They issued a "hold" rating and a $60.00 target price on the stock. Argus restated a "buy" rating and issued a $68.00 price objective on shares of Fortive in a report on Wednesday, August 19th. Truist Financial dropped their target price on shares of Fortive from $68.00 to $63.00 and set a "hold" rating for the company in a research report on Monday. Finally, Weiss Ratings cut shares of Fortive from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, August 27th.

Fortive Stock Performance

NYSE:FTV opened at $57.34 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58. The company has a market cap of $17.32 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.38 and a beta of 1.07. Fortive has a fifty-two week low of $47.71 and a fifty-two week high of $64.56. The firm's 50 day moving average is $58.19 and its two-hundred day moving average is $59.23.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. Fortive's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Analysts expect that Fortive will post 3.02 EPS for the current year.

Fortive Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Fortive's previous quarterly dividend of $0.06. Fortive's payout ratio is 16.57%.

Insider Buying and Selling at Fortive

In related news, SVP Peter C. Underwood sold 8,662 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FTV. QRG Capital Management Inc. lifted its stake in shares of Fortive by 13.8% during the second quarter. QRG Capital Management Inc. now owns 17,973 shares of the technology company's stock worth $1,098,000 after purchasing an additional 2,175 shares in the last quarter. Security National Bank of Sioux City Iowa IA grew its stake in shares of Fortive by 28.0% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,954 shares of the technology company's stock valued at $852,000 after buying an additional 3,052 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Fortive by 156.5% in the second quarter. Anchor Investment Management LLC now owns 690 shares of the technology company's stock valued at $42,000 after buying an additional 421 shares in the last quarter. Core Capital Management & Research inc. purchased a new stake in shares of Fortive during the 2nd quarter valued at about $296,000. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Fortive by 2.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,163 shares of the technology company's stock valued at $1,537,000 after buying an additional 621 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Fortive Company Profile

Fortive Corporation NYSE: FTV is a diversified industrial technology company that develops and provides connected products, software, and services for customers in healthcare, manufacturing, infrastructure, and other regulated or asset-intensive industries. Its offerings are designed to improve productivity, operating efficiency, safety, compliance, and the reliability of critical equipment and processes.

The company's businesses have included electronic test and measurement instruments, calibration and asset-management solutions, workplace and public-safety products, industrial software, and healthcare technologies.

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