Fortive (NYSE:FTV) Price Target Raised to $65.00 at Wells Fargo & Company

Key Points

• Wells Fargo raised its price target on Fortive from $58 to $65 and maintained an "equal weight" rating, implying roughly a 7.94% upside from the stock's then-current level.
• Fortive beat quarterly estimates, reporting $0.70 EPS versus $0.64 expected and $2.14B in revenue, and set FY2026 guidance of $2.90–$3.00 EPS (consensus sell‑side forecast ~2.94 EPS).
• Analyst consensus remains a "Hold" with an average price target of $60.92, even as institutional investors (e.g., Dodge & Cox, Viking, Price T. Rowe, Norges Bank) significantly increased their stakes.

Fortive (NYSE:FTV - Get Free Report) had its target price hoisted by Wells Fargo & Company from $58.00 to $65.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 7.94% from the company's current price.

Several other research analysts have also recently commented on the company. Robert W. Baird set a $65.00 price target on Fortive in a research note on Thursday, February 5th. Royal Bank Of Canada upped their price objective on Fortive from $59.00 to $63.00 and gave the company a "sector perform" rating in a research note on Friday. Morgan Stanley upped their price objective on Fortive from $53.00 to $58.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 18th. Mizuho restated an "underperform" rating and set a $51.00 price objective (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Finally, Zacks Research cut Fortive from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $60.92.

Fortive Trading Up 2.0%

FTV stock traded up $1.19 during trading on Monday, reaching $60.22. 1,940,714 shares of the stock traded hands, compared to its average volume of 3,691,005. The business's 50 day moving average price is $57.70 and its 200-day moving average price is $55.15. Fortive has a 52-week low of $46.34 and a 52-week high of $74.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.71 and a quick ratio of 0.57. The firm has a market capitalization of $18.54 billion, a PE ratio of 36.02, a P/E/G ratio of 3.19 and a beta of 1.09.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, sell-side analysts forecast that Fortive will post 2.94 earnings per share for the current year.

Insider Transactions at Fortive

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the transaction, the director directly owned 31,775 shares of the company's stock, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company's stock.

Institutional Investors Weigh In On Fortive

A number of institutional investors and hedge funds have recently bought and sold shares of FTV. Dodge & Cox boosted its stake in shares of Fortive by 3.7% during the 4th quarter. Dodge & Cox now owns 44,157,822 shares of the technology company's stock worth $2,437,953,000 after acquiring an additional 1,562,028 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of Fortive by 28.7% during the 3rd quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company's stock worth $1,003,495,000 after acquiring an additional 4,571,056 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Fortive by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company's stock worth $1,106,760,000 after acquiring an additional 4,532,031 shares in the last quarter. Norges Bank bought a new stake in shares of Fortive during the 4th quarter worth $491,928,000. Finally, Geode Capital Management LLC boosted its stake in shares of Fortive by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company's stock worth $483,327,000 after acquiring an additional 116,939 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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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