Fortive Corporation (NYSE:FTV) Announces Dividend Increase - $0.07 Per Share

Key Points

• Fortive increased its quarterly dividend 16.7% to $0.07 per share from $0.06, payable September 25 to shareholders of record on September 4. The annualized dividend is $0.28, with a 0.5% yield.
• The dividend appears well covered, with a current payout ratio of 5.7%; analysts expect next year’s earnings to support a projected payout ratio of 7.4%.
• Fortive recently exceeded quarterly earnings and revenue estimates, reporting $0.74 in EPS and $1.10 billion in revenue, while its board also authorized repurchases of up to 20 million shares.

Fortive Corporation (NYSE:FTV - Get Free Report) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.07 per share by the technology company on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. This is a 16.7% increase from Fortive's previous quarterly dividend of $0.06.

Fortive has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortive has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fortive to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 7.4%.

Fortive Price Performance

Shares of NYSE FTV opened at $59.41 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 35.15 and a beta of 1.06. Fortive has a twelve month low of $46.54 and a twelve month high of $64.56. The business has a 50 day simple moving average of $61.16 and a 200-day simple moving average of $59.39.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the business posted $0.90 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities research analysts expect that Fortive will post 3.01 earnings per share for the current year.

Fortive declared that its board has approved a stock buyback plan on Monday, May 4th that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

About Fortive

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.

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