Seaport Res Ptn Forecasts Fortive's Q3 Earnings (NYSE:FTV)

Fortive Co. (NYSE:FTV - Free Report) - Research analysts at Seaport Res Ptn reduced their Q3 2026 earnings per share (EPS) estimates for shares of Fortive in a report released on Sunday, May 4th. Seaport Res Ptn analyst S. Graham now forecasts that the technology company will post earnings per share of $1.03 for the quarter, down from their prior estimate of $1.11. The consensus estimate for Fortive's current full-year earnings is $4.05 per share.

A number of other equities research analysts have also weighed in on FTV. Barclays dropped their price target on Fortive from $85.00 to $84.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. BNP Paribas downgraded shares of Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price objective for the company. in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of Fortive from $90.00 to $73.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial reduced their target price on Fortive from $90.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Fortive currently has an average rating of "Hold" and a consensus target price of $80.75.

Fortive Stock Down 0.3 %

Shares of FTV stock opened at $67.41 on Wednesday. The stock's fifty day moving average price is $70.62 and its 200 day moving average price is $75.05. Fortive has a 1-year low of $60.39 and a 1-year high of $83.32. The company has a market cap of $22.91 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.49 billion. Fortive had a net margin of 13.36% and a return on equity of 13.15%. The company's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dodge & Cox purchased a new position in shares of Fortive in the fourth quarter valued at approximately $583,493,000. Norges Bank acquired a new position in Fortive in the 4th quarter valued at $412,445,000. Price T Rowe Associates Inc. MD raised its stake in Fortive by 164.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,730,161 shares of the technology company's stock valued at $654,763,000 after purchasing an additional 5,429,566 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Fortive by 9.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,947,135 shares of the technology company's stock valued at $3,221,036,000 after purchasing an additional 3,810,997 shares in the last quarter. Finally, Third Point LLC acquired a new stake in Fortive during the 4th quarter worth $142,500,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fortive

In other news, CFO Charles E. Mclaughlin sold 32,085 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the transaction, the chief financial officer now owns 76,126 shares in the company, valued at $6,003,296.36. This trade represents a 29.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher M. Mulhall sold 6,493 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $79.95, for a total transaction of $519,115.35. Following the completion of the sale, the chief accounting officer now directly owns 24,283 shares of the company's stock, valued at approximately $1,941,425.85. The trade was a 21.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,385 shares of company stock valued at $19,508,529 in the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. Fortive's dividend payout ratio (DPR) is currently 14.04%.

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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