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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
NYSE:FTV

Fortive (FTV) Stock Price, News & Analysis

$79.49
-0.69 (-0.86%)
(As of 04/19/2024 ET)
Today's Range
$79.31
$80.53
50-Day Range
$79.49
$86.29
52-Week Range
$62.70
$87.10
Volume
2.44 million shs
Average Volume
1.37 million shs
Market Capitalization
$27.93 billion
P/E Ratio
32.58
Dividend Yield
0.40%
Price Target
$86.54

Fortive MarketRank™ Stock Analysis

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
8.9% Upside
$86.54 Price Target
Short Interest
Healthy
0.91% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.71mentions of Fortive in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$5.48 M Sold Last Quarter
Proj. Earnings Growth
9.52%
From $3.78 to $4.14 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Computer And Technology Sector

104th out of 581 stocks

Process Control Instruments Industry

4th out of 12 stocks

FTV stock logo

About Fortive Stock (NYSE:FTV)

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. This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The Precision Technologies segment offers electrical test and measurement, sensing and material technologies for industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brand names. The Advanced Healthcare Solutions segment provides critical workflow solutions comprising 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. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

FTV Stock Price History

FTV Stock News Headlines

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Fortive (NYSE:FTV) Downgraded by JPMorgan Chase & Co.
Oversold Conditions For Fortive (FTV)
Fortive (FTV) Set to Announce Quarterly Earnings on Wednesday
Fortive Corporation (FTV)
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Fortive declares $0.08 dividend
Key Takeaways From Fortive Analyst Ratings
FTV Apr 2024 85.000 put
FTV Mar 2024 80.000 put
Critical Insights From Fortive Analyst Ratings: What You Need To Know
TER Jun 2024 80.000 call
Decoding Fortive Corp (FTV): A Strategic SWOT Insight
FTV Mar 2024 60.000 put
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/28 Dividend
2/22/2024
Dividend Payable
3/28/2024
Today
4/20/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

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 Target
$86.54
High Stock Price Target
$101.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+8.9%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$865.80 million
Pretax Margin
16.34%

Debt

Sales & Book Value

Annual Sales
$6.07 billion
Cash Flow
$4.73 per share
Book Value
$29.38 per share

Miscellaneous

Free Float
348,042,000
Market Cap
$27.93 billion
Optionable
Optionable
Beta
1.13
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Should I Buy Fortive Stock? FTV Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Fortive Co.:

  • Fortive Co. reported earnings per share of $0.98 for the last quarter, exceeding analysts' estimates by $0.05. This indicates strong financial performance.
  • Fortive Co. has a return on equity of 12.12%, showcasing efficient utilization of shareholder equity to generate profits.
  • Fortive Co. announced a quarterly dividend, with a dividend yield of 0.37%, providing potential income for investors.
  • Fortive Co.'s stock price has shown stability, with a 12-month low of $62.70 and a high of $87.10, offering a range for potential growth.
  • Fortive Co.'s revenue for the last quarter was $1.58 billion, surpassing analyst expectations, indicating strong business performance.

Cons

Investors should be bearish about investing in Fortive Co. for these reasons:

  • Fortive Co.'s PE ratio is 35.25, which may indicate the stock is relatively expensive compared to its earnings.
  • Fortive Co.'s PEG ratio is 2.71, suggesting the stock may be overvalued based on its expected future growth.
  • Fortive Co.'s debt-to-equity ratio is 0.35, indicating a moderate level of debt that investors should consider in their risk assessment.
  • Fortive Co.'s beta is 1.13, implying the stock is slightly more volatile than the market average, which may pose risks for some investors.
  • Fortive Co. has a high percentage of ownership by hedge funds and institutional investors, which could lead to increased volatility in the stock price.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Fortive pros and cons to contact@marketbeat.com.

FTV Stock Analysis - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FTV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTV, but not buy additional shares or sell existing shares.
View FTV analyst ratings
or view top-rated stocks.

What is Fortive's stock price target for 2024?

13 brokerages have issued 12-month price objectives for Fortive's shares. Their FTV share price targets range from $70.00 to $101.00. On average, they predict the company's stock price to reach $86.54 in the next twelve months. This suggests a possible upside of 8.9% 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 2024?

Fortive's stock was trading at $73.63 at the beginning of the year. Since then, FTV shares have increased by 8.0% and is now trading at $79.49.
View the best growth stocks for 2024 here
.

When is Fortive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our FTV earnings forecast
.

How can I listen to Fortive's earnings call?

Fortive will be holding an earnings conference call on Wednesday, April 24th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "6922572".

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) released its earnings results on Wednesday, January, 31st. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The technology company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. Fortive had a net margin of 14.27% and a trailing twelve-month return on equity of 12.12%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS.
Read the conference call transcript
.

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

Fortive declared a quarterly dividend on Thursday, April 4th. Investors of record on Friday, May 31st will be given a dividend of $0.08 per share on Friday, June 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for FTV
.

Is Fortive a good dividend stock?

Fortive (NYSE:FTV) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.40%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 7.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTV.

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

Fortive issued an update on its FY24 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of $3.73-3.85 for the period, compared to the consensus estimate of $3.68. The company issued revenue guidance of ~$6.4-6.5 billion, compared to the consensus revenue estimate of $6.35 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).

Who are Fortive's major shareholders?

Fortive's stock is owned by many different institutional and retail investors. Top institutional investors include Ferguson Wellman Capital Management Inc. (0.24%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), Allspring Global Investments Holdings LLC (0.23%), Mountain Pacific Investment Advisers Inc. ID (0.08%), ST Germain D J Co. Inc. (0.06%) and State of Michigan Retirement System (0.03%). Insiders that own company stock include Alan G Spoon, Barbara B Hulit, Charles E Mclaughlin, Christopher M Mulhall, Gwen L Shaneyfelt, Patrick K Murphy, Peter C Underwood, Peter C Underwood, Stacey A Walker, Steven M Rales and Tamara S Newcombe.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FTV) was last updated on 4/20/2024 by MarketBeat.com Staff

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