Fortive Stock Price, News & Analysis (NYSE:FTV)

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FTV shares.
View FTV analyst ratings or view top-rated stocks.

12 Wall Street analysts have issued twelve-month target prices for Fortive's shares. Their FTV share price targets range from $66.00 to $91.00. On average, they predict the company's stock price to reach $78.46 in the next year. This suggests a possible upside of 14.9% 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 6.3% and is now trading at $68.30.
View the best growth stocks for 2023 here.

Fortive saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 2,600,000 shares, a drop of 26.6% from the October 31st total of 3,540,000 shares. Based on an average trading volume of 1,980,000 shares, the days-to-cover ratio is currently 1.3 days.
View Fortive's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our FTV earnings forecast.

Fortive Co. (NYSE:FTV) announced its earnings results on Wednesday, October, 25th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.01. The technology company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Fortive had a net margin of 13.77% and a trailing twelve-month return on equity of 11.96%.
Read the conference call transcript.

Fortive declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, November 24th will be given a dividend of $0.08 per share on Friday, December 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for FTV.

Fortive (NYSE:FTV) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.46%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 8.82% next year. This indicates that the company will be able to sustain or increase its dividend.
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 declared that its board has approved a stock buyback plan on Thursday, February 17th 2022, which authorizes the company to buyback 20,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Fortive issued an update on its FY23 earnings guidance on Wednesday, October, 25th. The company provided EPS guidance of $3.37-3.40 for the period, compared to the consensus EPS estimate of $3.41. The company issued revenue guidance of $6.0-6.1 billion, compared to the consensus revenue estimate of $6.10 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (5.43%), FMR LLC (4.48%), Royal Bank of Canada (4.22%), Flossbach Von Storch AG (3.01%), Brown Advisory Inc. (1.90%) and Boston Partners (1.73%). Insiders that own company stock include Alan G Spoon, Barbara B Hulit, Charles E Mclaughlin, Charles E Mclaughlin, Christopher M Mulhall, Gwen L Shaneyfelt, Patrick K Murphy, Peter C Underwood, Peter C Underwood, Stacey A Walker, Stacey A Walker, Steven M Rales 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.