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NYSE:FTV

Fortive (FTV) Stock Forecast, Price & News

$68.08
-0.32 (-0.47%)
(As of 01:11 PM ET)
Compare
Today's Range
$67.63
$68.66
50-Day Range
$63.06
$68.82
52-Week Range
$52.47
$69.78
Volume
495,856 shs
Average Volume
2.08 million shs
Market Capitalization
$24.07 billion
P/E Ratio
31.81
Dividend Yield
0.41%
Price Target
$74.18

Fortive MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
9.0% Upside
$74.18 Price Target
Short Interest
Healthy
1.33% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.86mentions of Fortive in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.66%
From $3.35 to $3.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Computer And Technology Sector

175th out of 598 stocks

Process Control Instruments Industry

6th out of 10 stocks


FTV stock logo

About Fortive (NYSE:FTV) Stock

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Intelligent Operating Solutions segment provides advanced instrumentation, software and services, which includes electrical test and measurement, facility and asset lifecycle software applications, and worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. Additionally, it markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. Its Precision Technologies segment provides electrical test & measurement, sensing and material technologies under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands for industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries. Advanced Healthcare Solutions segment offers critical workflow solutions including 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. The company was incorporated in 2015 and is headquartered in Everett, Washington.

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FTV Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Fortive Releases Annual Sustainability Report
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Here's Why Fortive (FTV) is a Strong Momentum Stock
Fortive (NYSE:FTV) Updates Q2 Earnings Guidance
Fortive (NYSE:FTV) Issues FY23 Earnings Guidance
RBC Capital Reaffirms Their Hold Rating on Fortive (FTV)
Fortive Co. Plans Quarterly Dividend of $0.07 (NYSE:FTV)
Fortive (NYSE:FTV) Coverage Initiated at StockNews.com
Fortive to Webcast Investor Day
See More Headlines

FTV Price History

FTV Company Calendar

Ex-Dividend for 3/31 Dividend
2/23/2023
Dividend Payable
3/31/2023
Last Earnings
4/26/2023
Ex-Dividend for 6/30 Dividend
5/25/2023
Today
6/09/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

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 Forecast
$74.18
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$755.20 million
Pretax Margin
15.03%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.60 per share
Book Value
$27.38 per share

Miscellaneous

Free Float
350,191,000
Market Cap
$24.19 billion
Optionable
Optionable
Beta
1.13

Key Executives

  • Mr. James A. LicoMr. James A. Lico (Age 57)
    Pres, CEO & Director
    Comp: $5.24M
  • Mr. Charles E. McLaughlinMr. Charles E. McLaughlin (Age 62)
    Sr. VP & CFO
    Comp: $2.23M
  • Ms. Stacey A. WalkerMs. Stacey A. Walker (Age 52)
    Chief Human Resource Officer & Sr. VP
    Comp: $1.48M
  • Mr. Patrick K. MurphyMr. Patrick K. Murphy (Age 61)
    Pres & CEO of Advanced Healthcare Solutions
    Comp: $1.52M
  • Mr. Olumide Soroye (Age 50)
    Pres & CEO of Intelligent Operating Solutions Segment
    Comp: $2.54M
  • Mr. Christopher M. MulhallMr. Christopher M. Mulhall (Age 50)
    VP & Chief Accounting Officer
  • Mr. Victor P. Fetter III (Age 54)
    Chief Information Officer
  • Griffin Whitney
    VP of Investor Relations
  • Mr. Peter C. UnderwoodMr. Peter C. Underwood (Age 53)
    Sr. VP & Gen. Counsel
  • Mr. Jonathan L. SchwarzMr. Jonathan L. Schwarz (Age 51)
    Sr. VP of Corp. Devel.













FTV Stock - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

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.

What is Fortive's stock price forecast for 2023?

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.

How have FTV shares performed in 2023?

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
.

Are investors shorting Fortive?

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
.

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 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
.

How often does Fortive pay dividends? What is the dividend yield for Fortive?

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
.

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 0.42%. 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.

How will Fortive's stock buyback program work?

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.

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 (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.

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 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
.

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 $68.41.

How much money does Fortive make?

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.

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 6/9/2023 by MarketBeat.com Staff

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