Fortive Corporation (NYSE:FTV) Given Consensus Rating of "Hold" by Analysts

Key Points

• Fortive Corporation has received a consensus recommendation of "Hold" from analysts, with fourteen holding ratings and four buy ratings. The average one-year price target is $62.79.
• The company reported $0.58 earnings per share for the last quarter, missing analysts' expectations, with revenue of $1.52 billion, reflecting a slight year-over-year decline.
• Fortive recently announced a dividend of $0.06 per share, translating to an annual yield of 0.5%, with a payout ratio of 10.81%.

Shares of Fortive Corporation (NYSE:FTV - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eighteen analysts that are currently covering the firm, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.7857.

Several research analysts recently weighed in on FTV shares. Raymond James Financial dropped their price target on Fortive from $90.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Cowen lowered Fortive from a "buy" rating to a "hold" rating in a research report on Tuesday, July 15th. BNP Paribas reaffirmed a "neutral" rating on shares of Fortive in a research report on Thursday, June 12th. Truist Financial reaffirmed a "hold" rating and issued a $55.00 target price (down from $60.00) on shares of Fortive in a research report on Thursday, July 31st. Finally, Melius Research raised Fortive to a "hold" rating in a research report on Tuesday, July 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FTV. Redmond Asset Management LLC boosted its stake in shares of Fortive by 1.0% during the 1st quarter. Redmond Asset Management LLC now owns 14,515 shares of the technology company's stock worth $1,062,000 after acquiring an additional 142 shares in the last quarter. Capital Analysts LLC boosted its stake in Fortive by 41.0% during the 1st quarter. Capital Analysts LLC now owns 523 shares of the technology company's stock valued at $38,000 after purchasing an additional 152 shares during the period. Tandem Capital Management Corp ADV boosted its stake in Fortive by 0.6% during the 1st quarter. Tandem Capital Management Corp ADV now owns 27,557 shares of the technology company's stock valued at $2,017,000 after purchasing an additional 160 shares during the period. Forum Financial Management LP boosted its stake in Fortive by 2.3% during the 1st quarter. Forum Financial Management LP now owns 7,119 shares of the technology company's stock valued at $521,000 after purchasing an additional 161 shares during the period. Finally, RDA Financial Network boosted its stake in Fortive by 3.5% during the 1st quarter. RDA Financial Network now owns 4,965 shares of the technology company's stock valued at $363,000 after purchasing an additional 169 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Stock Down 1.0%

Shares of Fortive stock opened at $47.68 on Friday. The stock's fifty day moving average is $48.52 and its 200-day moving average is $61.03. The firm has a market capitalization of $16.13 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.06 and a beta of 1.10. The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 0.28. Fortive has a 12-month low of $46.34 and a 12-month high of $83.32.

Fortive (NYSE:FTV - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.02). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Fortive had a return on equity of 11.96% and a net margin of 13.62%.The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Fortive has set its FY 2025 guidance at 2.500-2.600 EPS. Equities analysts anticipate that Fortive will post 4.05 earnings per share for the current year.

Fortive Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 12th. Fortive's dividend payout ratio is presently 10.81%.

Fortive Company Profile

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.

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