Fortive (FTV) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last year. There are currently 2 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.

9 equities research analysts have issued twelve-month price targets for Fortive's shares. Their FTV share price forecasts range from $63.00 to $78.00. On average, they anticipate the company's share price to reach $74.18 in the next year. This suggests a possible upside of 8.4% 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 2023. Since then, FTV shares have increased by 6.5% and is now trading at $68.41.
View the best growth stocks for 2023 here.

Fortive saw a drop in short interest in May. As of May 15th, there was short interest totaling 4,710,000 shares, a drop of 10.6% from the April 30th total of 5,270,000 shares. Based on an average trading volume of 2,090,000 shares, the days-to-cover ratio is presently 2.3 days.
View Fortive's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FTV earnings forecast.

Fortive Co. (NYSE:FTV) issued its quarterly earnings data on Wednesday, April, 26th. The technology company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share.
Read the conference call transcript.

Fortive declared a quarterly dividend on Thursday, April 6th. Shareholders of record on Friday, May 26th will be given 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 0.41%. The ex-dividend date of this dividend is Thursday, May 25th.
Read our dividend analysis for FTV.

ETFs with the largest weight of Fortive (NYSE:FTV) stock in their portfolio include Hennessy Stance ESG Large Cap 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).

Fortive (NYSE:FTV) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.42%. 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 7.69% 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 authorized a share buyback program 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 purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Fortive updated its FY23 earnings guidance on Thursday, May, 25th. The company provided earnings per share (EPS) 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.

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 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.

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.

One share of FTV stock can currently be purchased for approximately $68.41.

Fortive (NYSE:FTV) has a market capitalization of $24.19 billion and generates $5.91 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.

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.