NYSE:FTV

Fortive (FTV) Stock Price, News & Analysis

$77.16
-0.17 (-0.22%)
(As of 05/17/2024 ET)
Today's Range
$77.04
$77.67
50-Day Range
$75.27
$86.20
52-Week Range
$63.05
$87.10
Volume
1.04 million shs
Average Volume
1.67 million shs
Market Capitalization
$27.16 billion
P/E Ratio
30.50
Dividend Yield
0.41%
Price Target
$86.46

Fortive MarketRank™ Stock Analysis

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
12.1% Upside
$86.46 Price Target
Short Interest
Healthy
0.84% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.87mentions of Fortive in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$4.31 M Sold Last Quarter
Proj. Earnings Growth
8.92%
From $3.81 to $4.15 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.

4.90 out of 5 stars

Computer And Technology Sector

25th out of 597 stocks

Process Control Instruments Industry

1st out of 11 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

Fortive (NYSE:FTV) Stock Rating Upgraded by StockNews.com
Fortive Corporation: Growing Into The Valuation
10 Analysts Have This To Say About Fortive
Fortive: Q1 Earnings Snapshot
Oversold Conditions For Fortive (FTV)
Fortive Corporation (FTV)
Fortive declares $0.08 dividend
See More Headlines
Receive FTV Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortive and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 3/28 Dividend
2/22/2024
Dividend Payable
3/28/2024
Last Earnings
4/24/2024
Today
5/17/2024
Ex-Dividend for 6/28 Dividend
5/31/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/24/2024
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
$86.46
High Stock Price Target
$99.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+12.1%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$865.80 million
Pretax Margin
16.63%

Debt

Sales & Book Value

Annual Sales
$6.07 billion
Cash Flow
$4.73 per share
Book Value
$29.78 per share

Miscellaneous

Free Float
348,474,000
Market Cap
$27.16 billion
Optionable
Optionable
Beta
1.15
5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

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 twelve months. 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 Wall Street analysts have issued 1-year price targets for Fortive's shares. Their FTV share price targets range from $70.00 to $99.00. On average, they expect the company's stock price to reach $86.46 in the next year. This suggests a possible upside of 12.1% 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 stock has increased by 4.8% and is now trading at $77.16.
View the best growth stocks for 2024 here
.

Are investors shorting Fortive?

Fortive saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,950,000 shares, a decline of 8.7% from the April 15th total of 3,230,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 1.8 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, July 24th 2024.
View our FTV earnings forecast
.

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) announced its quarterly earnings data on Wednesday, April, 24th. The technology company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The technology company earned $1.52 billion during the quarter, compared to analysts' expectations of $1.53 billion. Fortive had a net margin of 14.68% and a trailing twelve-month return on equity of 12.22%.
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, April 4th. Stockholders of record on Friday, May 31st will be paid 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 0.41%. 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 0.41%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 7.71% 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 updated its FY 2024 earnings guidance on Wednesday, April, 24th. The company provided earnings per share guidance of 3.770-3.860 for the period, compared to the consensus estimate of 3.800. The company issued revenue guidance of $6.4 billion-$6.4 billion, compared to the consensus revenue estimate of $6.5 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.03%), Flossbach Von Storch AG (3.15%), Janus Henderson Group PLC (1.77%), Champlain Investment Partners LLC (1.41%), Capital World Investors (0.93%) and Canada Pension Plan Investment Board (0.70%). Insiders that own company stock include Alan G Spoon, Barbara B Hulit, Charles E Mclaughlin, Christopher M Mulhall, Patrick K Murphy, Peter C Underwood, Peter C Underwood, Stacey A Walker 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 5/18/2024 by MarketBeat.com Staff

From Our Partners