NYSE:FTV Fortive (FTV) Stock Forecast, Price & News $65.11 -2.13 (-3.17%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$64.71▼$67.0650-Day Range$63.06▼$68.1752-Week Range$52.47▼$69.78Volume7.90 million shsAverage Volume2.10 million shsMarket Capitalization$23.02 billionP/E Ratio30.43Dividend Yield0.43%Price Target$73.54 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Fortive MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside12.9% Upside$73.54 Price TargetShort InterestHealthy1.33% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-1.57Upright™ Environmental ScoreNews Sentiment0.39Based on 19 Articles This WeekInsider TradingN/AProj. Earnings Growth8.36%From $3.35 to $3.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.54 out of 5 starsComputer And Technology Sector267th out of 621 stocksProcess Control Instruments Industry8th out of 11 stocks 2.4 Analyst's Opinion Consensus RatingFortive has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $73.54, Fortive has a forecasted upside of 12.9% from its current price of $65.11.Amount of Analyst CoverageFortive has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.33% of the outstanding shares of Fortive have been sold short.Short Interest Ratio / Days to CoverFortive has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Fortive has recently decreased by 10.63%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldFortive has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthFortive does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Fortive is 13.08%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Fortive will have a dividend payout ratio of 7.71% next year. This indicates that Fortive will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFortive has received a 14.77% net impact score from Upright. Fortive seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Fibre optic test equipment", "Ohmmeters", "Data transmission testing equipment", "Low-temperature sterilization systems ", "Communications satellites", and "Oscilloscopes" products. See details.Environmental SustainabilityThe Environmental Impact score for Fortive is -1.57. Previous Next 2.4 News and Social Media Coverage News SentimentFortive has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Fortive this week, compared to 5 articles on an average week.Search InterestOnly 2 people have searched for FTV on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat Follows3 people have added Fortive to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fortive insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.79% of the stock of Fortive is held by insiders.Percentage Held by Institutions94.84% of the stock of Fortive is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Fortive are expected to grow by 8.36% in the coming year, from $3.35 to $3.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortive is 30.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortive is 30.43, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 367.74.Price to Earnings Growth RatioFortive has a PEG Ratio of 2.58. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortive has a P/B Ratio of 2.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Fortive (NYSE:FTV) StockFortive Corp. engages in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the following segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides solutions to accelerate industrial and facility reliability and performance, as well as compliance and safety across a range of vertical end markets, including manufacturing, process industries, healthcare, utilities and power, communications, and electronics. The Precision Technologies segment supplies technologies such as electrical test and measurement instruments and services, energetic material devices, and a broad portfolio of sensor and control system solutions. The Advanced Healthcare Solutions segment serves healthcare customers with products and services for critical activities, including instrument and device reprocessing, instrument tracking, cell therapy equipment design and manufacturing, biomedical test tools, radiation safety monitoring, and asset management. The company was founded on November 10, 2015, and isRead More 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. Email Address FTV Stock News HeadlinesMay 29, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Industrial Goods Companies: Bombardier (OtherBDRBF) and Fortive (FTV)May 29, 2023 | markets.businessinsider.comAnalysts Are Bullish on These Industrial Goods Stocks: General Dynamics (GD), Fortive (FTV)June 1, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 28, 2023 | americanbankingnews.comRoyal Bank of Canada Increases Fortive (NYSE:FTV) Price Target to $75.00May 27, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Veeva Systems (VEEV), Fortive (FTV) and Accenture (ACN)May 26, 2023 | msn.comRBC Capital Maintains Fortive (FTV) Sector Perform RecommendationMay 26, 2023 | msn.comWhy Is Fortive (FTV) Up 2.4% Since Last Earnings Report?May 26, 2023 | finance.yahoo.comFortive (FTV) Reaffirms 2023 Guidance, Provides 2028 TargetsJune 1, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 25, 2023 | finance.yahoo.comHere's Why Fortive (FTV) is a Strong Momentum StockMay 25, 2023 | americanbankingnews.comFortive (NYSE:FTV) Updates Q2 Earnings GuidanceMay 25, 2023 | msn.comFortive sees in-line Q2, full-year results; provides longer term guidanceMay 25, 2023 | finance.yahoo.comFortive to Highlight Value Creation Strategy and 2028 Financial Targets at Investor DayMay 25, 2023 | americanbankingnews.comFortive (NYSE:FTV) Issues FY23 Earnings GuidanceMay 24, 2023 | markets.businessinsider.comRBC Capital Reaffirms Their Hold Rating on Fortive (FTV)May 23, 2023 | americanbankingnews.comFortive Co. Plans Quarterly Dividend of $0.07 (NYSE:FTV)May 21, 2023 | americanbankingnews.comFortive (NYSE:FTV) Coverage Initiated at StockNews.comMay 12, 2023 | finance.yahoo.comFortive to Webcast Investor DayMay 10, 2023 | marketwatch.comFortive Corp. stock falls Tuesday, still outperforms marketMay 10, 2023 | marketwatch.comFortive Corp. stock rises Wednesday, still underperforms marketMay 4, 2023 | seekingalpha.comFortive: Creating Synergies Derived From AcquisitionsMay 3, 2023 | finance.yahoo.comFortive Corporation (NYSE:FTV) Q1 2023 Earnings Call TranscriptMay 1, 2023 | finance.yahoo.comFortive Corporation (NYSE:FTV) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?April 28, 2023 | americanbankingnews.comFortive (NYSE:FTV) Price Target Raised to $78.00April 26, 2023 | seekingalpha.comFortive Corporation 2023 Q1 - Results - Earnings Call PresentationApril 26, 2023 | finance.yahoo.comFortive Q1 Earnings Top Estimates, Provides Moderate Q2 OutlookApril 24, 2023 | americanbankingnews.comFortive (FTV) Scheduled to Post Quarterly Earnings on WednesdaySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address FTV Company Calendar Ex-Dividend for 3/31 Dividend2/23/2023Dividend Payable3/31/2023Last Earnings4/26/2023Ex-Dividend for 6/30 Dividend5/25/2023Today5/31/2023Dividend Payable6/30/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Process control instruments Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:FTV CUSIPN/A CIK1659166 Webwww.fortive.com Phone(425) 446-5000FaxN/AEmployees18,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$73.54 High Stock Price Forecast$78.00 Low Stock Price Forecast$63.00 Forecasted Upside/Downside+12.9%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$2.14 Trailing P/E Ratio30.43 Forward P/E Ratio19.44 P/E Growth2.58Net Income$755.20 million Net Margins12.92% Pretax Margin15.03% Return on Equity11.92% Return on Assets7.19% Debt Debt-to-Equity Ratio0.21 Current Ratio0.93 Quick Ratio0.72 Sales & Book Value Annual Sales$5.83 billion Price / Sales3.95 Cash Flow$4.34 per share Price / Cash Flow15.01 Book Value$27.93 per share Price / Book2.33Miscellaneous Outstanding Shares353,550,000Free Float350,757,000Market Cap$23.02 billion OptionableOptionable Beta1.14 Key ExecutivesJames A. LicoPresident, Chief Executive Officer & DirectorCharles E. MclaughlinChief Financial Officer & Senior Vice PresidentVictor P. FetterChief Information OfficerPeter C. UnderwoodSenior Vice President & General CounselStacey A. WalkerChief Human Resources Officer & SVPKey CompetitorsKeysight TechnologiesNYSE:KEYSAMETEKNYSE:AMECognexNASDAQ:CGNXMKS InstrumentsNASDAQ:MKSISensata TechnologiesNYSE:STView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 8,103 shares on 5/26/2023Ownership: 0.015%Mountain Pacific Investment Advisers Inc. IDSold 3,489 shares on 5/23/2023Ownership: 0.081%Toroso Investments LLCBought 220 shares on 5/23/2023Ownership: 0.003%Putnam Investments LLCBought 63,431 shares on 5/22/2023Ownership: 0.614%Ameriprise Financial Inc.Bought 700,298 shares on 5/22/2023Ownership: 0.344%View All Insider TransactionsView All Institutional Transactions FTV Stock - Frequently Asked Questions Should I buy or sell Fortive stock right now? 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 "buy" FTV shares. View FTV analyst ratings or view top-rated stocks. What is Fortive's stock price forecast for 2023? 10 equities research analysts have issued 12-month price objectives for Fortive's shares. Their FTV share price forecasts range from $63.00 to $78.00. On average, they anticipate the company's stock price to reach $73.54 in the next twelve months. This suggests a possible upside of 12.9% 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 2023? Fortive's stock was trading at $64.25 on January 1st, 2023. Since then, FTV stock has increased by 1.3% and is now trading at $65.11. View the best growth stocks for 2023 here. Are investors shorting Fortive? Fortive saw a decrease in short interest in May. As of May 15th, there was short interest totaling 4,710,000 shares, a decrease of 10.6% from the April 30th total of 5,270,000 shares. Based on an average daily trading volume, of 2,090,000 shares, the short-interest ratio is currently 2.3 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 Thursday, July 27th 2023. View our FTV earnings forecast. How were Fortive's earnings last quarter? Fortive Co. (NYSE:FTV) issued its quarterly earnings data on Wednesday, April, 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. The technology company earned $1.46 billion during the quarter, compared to analysts' expectations of $1.42 billion. Fortive had a net margin of 12.92% and a trailing twelve-month return on equity of 11.92%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. 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 6th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.07 per share on Friday, June 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, May 25th. Read our dividend analysis for FTV. What ETFs hold Fortive's stock? ETFs with the largest weight of Fortive (NYSE:FTV) stock in their portfolio include Stance Equity ESG Large Cap Core ETF (STNC), Gabelli Automation ETF (GAST), Global X U.S. Infrastructure Development ETF (PAVE), SPDR S&P Kensho Final Frontiers ETF (ROKT), Putnam Sustainable Leaders ETF (PLDR), Invesco Zacks Mid-Cap ETF (CZA), Invesco S&P 500 Equal Weight Industrials ETF (RGI) and VanEck Morningstar SMID Moat ETF (SMOT). 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 0.41%. The dividend payout ratio is 13.08%. 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. How will Fortive's stock buyback program work? Fortive announced that its board has initiated a stock repurchase program on Thursday, February 17th 2022, which authorizes the company to repurchase 20,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued. What guidance has Fortive issued on next quarter's earnings? Fortive updated its FY23 earnings guidance on Thursday, May, 25th. The company provided earnings per share guidance of $3.29-3.40 for the period, compared to the consensus earnings per share estimate of $3.35. The company issued revenue guidance of $6.0-6.1 billion, compared to the consensus revenue estimate of $6.06 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.72%), FMR LLC (5.18%), Wellington Management Group LLP (5.00%), State Street Corp (3.78%), Flossbach Von Storch AG (3.00%) and Geode Capital Management LLC (2.06%). 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, Mitchell P Rales, 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 $65.11. How much money does Fortive make? Fortive (NYSE:FTV) has a market capitalization of $23.02 billion and generates $5.83 billion in revenue each year. The technology company earns $755.20 million in net income (profit) each year or $2.14 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fortive Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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