Fortive (FTV) Stock Forecast, Price & News

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

10 Wall Street analysts have issued twelve-month price objectives for Fortive's stock. Their FTV share price forecasts range from $70.00 to $90.00. On average, they predict 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.

Fortive's stock was trading at $64.25 at the beginning of the year. Since then, FTV shares have increased by 15.6% and is now trading at $74.29.
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Fortive saw a increase in short interest in 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 presently 2.9 days.
View Fortive's Short Interest.

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

Fortive Co. (NYSE:FTV) announced its earnings results on Wednesday, July, 26th. The technology company reported $0.85 earnings per share (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 the consensus estimate of $1.51 billion. Fortive had a net margin of 13.39% and a trailing twelve-month return on equity of 11.99%. Fortive's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share.
Read the conference call transcript.

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 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for FTV.

ETFs with the largest weight of Fortive (NYSE:FTV) stock in their portfolio include Gabelli Automation ETF (GAST), Global X U.S. Infrastructure Development ETF (PAVE), WisdomTree U.S. AI Enhanced Value Fund (AIVL), Invesco Zacks Mid-Cap ETF (CZA), Putnam Sustainable Leaders ETF (PLDR), Adasina Social Justice All Cap Global ETF (JSTC), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and BlackRock Large Cap Value ETF (BLCV).

Fortive (NYSE:FTV) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.37%. 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.

Fortive declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 17th 2022, which allows the company to repurchase 20,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

Fortive updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share 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.

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.

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).

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

Fortive's stock is owned by a number of retail and institutional investors. Top institutional investors 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.

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.
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One share of FTV stock can currently be purchased for approximately $74.29.

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.

The company employs 18,000 workers across the globe.

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.