Fortive (FTV) Expected to Announce Earnings on Wednesday

Fortive (NYSE:FTV - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $1.54 billion for the quarter. Fortive has set its FY 2025 guidance at 3.800-4.00 EPS and its Q2 2025 guidance at 0.850-0.90 EPS.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Fortive had a net margin of 12.90% and a return on equity of 13.19%. The company's revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. On average, analysts expect Fortive to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fortive Stock Performance

NYSE FTV opened at $51.08 on Wednesday. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 3.11 and a beta of 1.09. The company has a 50 day moving average of $65.56 and a 200-day moving average of $71.31. The company has a current ratio of 0.99, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Fortive has a 1-year low of $50.00 and a 1-year high of $83.32.

Fortive declared that its board has initiated a share repurchase plan on Tuesday, May 27th that allows the company to buyback 15,630,000 outstanding shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

FTV has been the topic of a number of analyst reports. Wall Street Zen raised Fortive to a "hold" rating in a research note on Saturday, July 5th. JPMorgan Chase & Co. cut their price objective on shares of Fortive from $87.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 2nd. TD Cowen cut shares of Fortive from a "buy" rating to a "hold" rating and cut their price objective for the company from $85.00 to $50.00 in a research report on Tuesday, July 15th. Melius cut shares of Fortive from a "buy" rating to a "hold" rating and set a $62.00 price objective on the stock. in a research report on Tuesday. Finally, Mizuho cut their price objective on shares of Fortive from $85.00 to $65.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $69.36.

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 14,327 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $73.88, for a total value of $1,058,478.76. Following the completion of the transaction, the senior vice president owned 51,750 shares of the company's stock, valued at $3,823,290. This represents a 21.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James A. Lico sold 175,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $72.40, for a total transaction of $12,670,000.00. Following the completion of the transaction, the chief executive officer directly owned 428,585 shares of the company's stock, valued at approximately $31,029,554. The trade was a 28.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company's stock.

Hedge Funds Weigh In On Fortive

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in shares of Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock valued at $37,000 after acquiring an additional 357 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Fortive by 6.9% during the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company's stock valued at $484,000 after acquiring an additional 430 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company's stock valued at $428,000 after acquiring an additional 2,811 shares during the last quarter. Institutional investors 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.

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