Seaport Res Ptn Has Bearish Estimate for Fortive Q2 Earnings

Fortive Corporation (NYSE:FTV - Free Report) - Equities research analysts at Seaport Res Ptn dropped their Q2 2025 earnings per share (EPS) estimates for Fortive in a research note issued on Tuesday, July 1st. Seaport Res Ptn analyst S. Graham now expects that the technology company will earn $0.62 per share for the quarter, down from their previous estimate of $0.90. The consensus estimate for Fortive's current full-year earnings is $4.05 per share. Seaport Res Ptn also issued estimates for Fortive's Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $2.55 EPS, Q1 2026 earnings at $0.62 EPS, Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.70 EPS, Q4 2026 earnings at $0.85 EPS and FY2026 earnings at $2.87 EPS.

Other research analysts have also recently issued research reports about the company. Raymond James Financial dropped their price objective on Fortive from $90.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday. Royal Bank Of Canada increased their target price on Fortive from $78.00 to $79.00 and gave the company a "sector perform" rating in a research report on Monday, June 9th. Wells Fargo & Company dropped their target price on Fortive from $72.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Tuesday. BNP Paribas reaffirmed a "neutral" rating on shares of Fortive in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. dropped their target price on Fortive from $87.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Fortive has an average rating of "Moderate Buy" and a consensus price target of $77.08.

Fortive Stock Down 0.6%

Shares of NYSE:FTV opened at $53.01 on Friday. Fortive has a 52-week low of $50.00 and a 52-week high of $83.32. The stock has a market cap of $18.02 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 2.21 and a beta of 1.09. The business's 50 day moving average is $69.19 and its 200 day moving average is $73.08. The company has a quick ratio of 0.78, a current ratio of 0.99 and a debt-to-equity ratio of 0.29.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Fortive had a return on equity of 13.19% and a net margin of 12.90%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company's revenue for the quarter was down 3.3% on a year-over-year basis.

Fortive declared that its board has authorized a share buyback plan on Tuesday, May 27th that authorizes the company to buyback 15,630,000 shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Fortive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new position in Fortive in the 4th quarter worth $26,000. American National Bank & Trust purchased a new position in Fortive in the 1st quarter worth $26,000. Accent Capital Management LLC purchased a new position in shares of Fortive during the 1st quarter valued at about $26,000. Global X Japan Co. Ltd. raised its stake in shares of Fortive by 114.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 377 shares of the technology company's stock valued at $28,000 after buying an additional 201 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in shares of Fortive during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

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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