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NYSE:FTV

Fortive (FTV) Stock Forecast, Price & News

$74.28
+0.36 (+0.49%)
(As of 09/22/2023 06:40 PM ET)
Compare
Today's Range
$73.77
$74.64
50-Day Range
$73.92
$79.79
52-Week Range
$57.43
$79.90
Volume
1.15 million shs
Average Volume
1.97 million shs
Market Capitalization
$26.15 billion
P/E Ratio
33.01
Dividend Yield
0.38%
Price Target
$78.00

Fortive MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
5.0% Upside
$78.00 Price Target
Short Interest
Healthy
1.48% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
1.28mentions of Fortive in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$3.32 M Sold Last Quarter
Proj. Earnings Growth
8.48%
From $3.42 to $3.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Computer And Technology Sector

319th out of 583 stocks

Process Control Instruments Industry

8th out of 11 stocks


FTV stock logo

About Fortive (NYSE:FTV) Stock

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Intelligent Operating Solutions segment provides advanced instrumentation, software and services, which includes electrical test and measurement, facility and asset lifecycle software applications, and worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. Additionally, it markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. Its Precision Technologies segment provides electrical test & measurement, sensing and material technologies under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands for industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries. Advanced Healthcare Solutions segment offers critical workflow solutions including instrument sterilization, instrument tracking, design and manufacture of cell therapy equipment, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, PROVATION, RAYSAFE, and STERRAD brands. The company was incorporated in 2015 and is headquartered in Everett, Washington.

FTV Price History

FTV Stock News Headlines

Fortive (FTV) Stock Gains 19% YTD: Will the Trend Continue?
Wells Fargo Sticks to Their Hold Rating for Fortive (FTV)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Fortive (FTV) Receives a Hold from Wells Fargo
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Fortive (FTV) Declares $0.07 Dividend
Where Fortive Stands With Analysts
Bank of America Securities Keeps Their Buy Rating on Fortive (FTV)
See More Headlines
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FTV Company Calendar

Ex-Dividend for 6/30 Dividend
5/25/2023
Dividend Payable
6/30/2023
Last Earnings
7/26/2023
Ex-Dividend for 9/29 Dividend
8/31/2023
Today
9/24/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Process control instruments
Sub-Industry
N/A
Fax
N/A
Employees
18,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$78.00
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$755.20 million
Pretax Margin
15.58%

Debt

Sales & Book Value

Annual Sales
$5.83 billion
Cash Flow
$4.52 per share
Book Value
$27.38 per share

Miscellaneous

Free Float
348,680,000
Market Cap
$26.15 billion
Optionable
Optionable
Beta
1.15
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Key Executives

  • Mr. James A. LicoMr. James A. Lico (Age 57)
    Pres, CEO & Director
    Comp: $5.24M
  • Mr. Charles E. McLaughlinMr. Charles E. McLaughlin (Age 62)
    Sr. VP & CFO
    Comp: $2.23M
  • Ms. Stacey A. WalkerMs. Stacey A. Walker (Age 52)
    Chief Human Resource Officer & Sr. VP
    Comp: $1.48M
  • Mr. Patrick K. MurphyMr. Patrick K. Murphy (Age 61)
    Pres & CEO of Advanced Healthcare Solutions
    Comp: $1.52M
  • Mr. Olumide Soroye (Age 50)
    Pres & CEO of Intelligent Operating Solutions Segment
    Comp: $2.54M
  • Mr. Christopher M. MulhallMr. Christopher M. Mulhall (Age 50)
    VP & Chief Accounting Officer
  • Mr. Victor P. Fetter III (Age 54)
    Chief Information Officer
  • Griffin Whitney
    VP of Investor Relations
  • Mr. Peter C. UnderwoodMr. Peter C. Underwood (Age 53)
    Sr. VP & Gen. Counsel
  • Mr. Jonathan L. SchwarzMr. Jonathan L. Schwarz (Age 51)
    Sr. VP of Corp. Devel.













FTV Stock - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FTV shares.
View FTV analyst ratings
or view top-rated stocks.

What is Fortive's stock price forecast for 2023?

10 Wall Street analysts have issued 1-year target prices for Fortive's stock. Their FTV share price forecasts range from $70.00 to $90.00. On average, they anticipate the company's stock price to reach $78.00 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for FTV
or view top-rated stocks among Wall Street analysts.

How have FTV shares performed in 2023?

Fortive's stock was trading at $64.25 on January 1st, 2023. Since then, FTV shares have increased by 15.6% and is now trading at $74.28.
View the best growth stocks for 2023 here
.

Are investors shorting Fortive?

Fortive saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,200,000 shares, an increase of 16.1% from the August 15th total of 4,480,000 shares. Based on an average daily volume of 1,810,000 shares, the short-interest ratio is currently 2.9 days.
View Fortive's Short Interest
.

When is Fortive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our FTV earnings forecast
.

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) announced its earnings results on Wednesday, July, 26th. The technology company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.04. The technology company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Fortive had a trailing twelve-month return on equity of 11.99% and a net margin of 13.39%. Fortive's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.78 earnings per share.
Read the conference call transcript
.

How often does Fortive pay dividends? What is the dividend yield for Fortive?

Fortive announced a quarterly dividend on Thursday, August 17th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.07 per share on Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for FTV
.

Is Fortive a good dividend stock?

Fortive (NYSE:FTV) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.38%. The dividend payout ratio is 12.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 7.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTV.

How will Fortive's stock buyback program work?

Fortive announced that its Board of Directors has initiated a stock buyback program on Thursday, February 17th 2022, which authorizes the company to buyback 20,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

What guidance has Fortive issued on next quarter's earnings?

Fortive issued an update on its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $0.82-$0.85 for the period, compared to the consensus EPS estimate of $0.85. The company issued revenue guidance of $1.50 billion-$1.50 billion, compared to the consensus revenue estimate of $1.51 billion.

What is James A. Lico's approval rating as Fortive's CEO?

25 employees have rated Fortive Chief Executive Officer James A. Lico on Glassdoor.com. James A. Lico has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Fortive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortive investors own include Visa (V), Corbus Pharmaceuticals (CRBP), HP (HPQ), Lowe's Companies (LOW), NVIDIA (NVDA), Western Digital (WDC), Danaher (DHR), Micron Technology (MU), Intel (INTC) and Viveve Medical (VIVE).

What is Fortive's stock symbol?

Fortive trades on the New York Stock Exchange (NYSE) under the ticker symbol "FTV."

Who are Fortive's major shareholders?

Fortive's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (25.21%), BlackRock Inc. (9.08%), Royal Bank of Canada (4.34%), State Street Corp (3.85%), Flossbach Von Storch AG (3.00%) and Geode Capital Management LLC (2.12%). Insiders that own company stock include Alan G Spoon, Barbara B Hulit, Charles E Mclaughlin, Charles E Mclaughlin, Christopher M Mulhall, Gwen L Shaneyfelt, James A Lico, Jonathan L Schwarz, Patrick K Murphy, Peter C Underwood, Peter C Underwood, Stacey A Walker, Stacey A Walker, Steven M Rales, William W Pringle and William W Pringle.
View institutional ownership trends
.

How do I buy shares of Fortive?

Shares of FTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fortive's stock price today?

One share of FTV stock can currently be purchased for approximately $74.28.

How much money does Fortive make?

Fortive (NYSE:FTV) has a market capitalization of $26.15 billion and generates $5.83 billion in revenue each year. The technology company earns $755.20 million in net income (profit) each year or $2.25 on an earnings per share basis.

How many employees does Fortive have?

The company employs 18,000 workers across the globe.

How can I contact Fortive?

Fortive's mailing address is 6920 SEAWAY BLVD., EVERETT WA, 98203. The official website for the company is www.fortive.com. The technology company can be reached via phone at (425) 446-5000 or via email at investors@fortive.com.

This page (NYSE:FTV) was last updated on 9/25/2023 by MarketBeat.com Staff

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