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DOW   36,124.56
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Fortive Stock Price, News & Analysis (NYSE:FTV)

$68.30
-1.23 (-1.77%)
(As of 12/5/2023 ET)
Compare
Today's Range
$68.15
$69.49
50-Day Range
$64.60
$77.16
52-Week Range
$62.70
$79.90
Volume
1.63 million shs
Average Volume
2.01 million shs
Market Capitalization
$24.00 billion
P/E Ratio
29.31
Dividend Yield
0.47%
Price Target
$78.46

Fortive MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
14.9% Upside
$78.46 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
1.51mentions of Fortive in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.08%
From $3.39 to $3.63 Per Share

Overall MarketRank

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

2.94 out of 5 stars

Computer And Technology Sector

27th out of 592 stocks

Process Control Instruments Industry

2nd out of 9 stocks


FTV stock logo

About Fortive Stock (NYSE:FTV)

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.

FTV Stock Price History

FTV Stock News Headlines

Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
Wells Fargo Keeps Their Hold Rating on Fortive (FTV)
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
B of A Securities Downgrades Fortive (FTV)
Fortive (FTV) Q3 Earnings and Revenues Miss Estimates
Fortive Falls As Quarterly Results, Outlook Shy Of Estimates
Fortive (NYSE:FTV) Plummets on Q3 Numbers
Fortive (FTV) Plans to Acquire EA Holding GmbH for $1.45B
Fortive Corporation Q3 Profit Increases, Inline With Estimates
Fortive cuts full-year profit forecast
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
8/31/2023
Dividend Payable
9/29/2023
Last Earnings
10/25/2023
Ex-Dividend for 12/29 Dividend
11/22/2023
Today
12/05/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024

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 Target
$78.46
High Stock Price Target
$91.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+14.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$755.20 million
Pretax Margin
16.14%

Debt

Sales & Book Value

Annual Sales
$5.83 billion
Cash Flow
$4.45 per share
Book Value
$27.38 per share

Miscellaneous

Free Float
348,095,000
Market Cap
$24.00 billion
Optionable
Optionable
Beta
1.14
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Should I Buy Fortive Stock? FTV Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Fortive was last updated on Tuesday, November 28, 2023 at 9:49 PM.

Pros

Here are some ways that investors could benefit from investing in Fortive Co.:

  • Fortive Corporation is a global company that designs, develops, manufactures, markets, and services professional and engineered products, software, and services. This diverse portfolio of offerings provides investors with exposure to multiple industries and markets.
  • Fortive Corporation has a strong presence worldwide, allowing investors to benefit from global market opportunities and potential growth.
  • Fortive Corporation's recent developments and acquisitions, such as the acquisition of LANDAUER and PROVATION, demonstrate the company's commitment to expanding its product and service offerings, which could lead to increased revenue and potential returns for investors.
  • Fortive Corporation's focus on innovation and technology, as seen through its brands like FLUKE, GILBARCO, and RAYSAFE, positions the company to capitalize on emerging trends and advancements in various industries.
  • Investors may find the current stock price of Fortive Corporation attractive, providing a potential opportunity for capital appreciation.

Cons

Investors should be bearish about investing in Fortive Co. for these reasons:

  • Foresight VCT Plc, mentioned in the query results, is a different company and not related to Fortive Corporation. This may cause confusion for investors researching Fortive Co.
  • Fortive Corporation operates in a competitive market, which may pose challenges in terms of market share and profitability.
  • Investing in Fortive Corporation involves market risk, as the company's performance and stock price can be influenced by various factors such as economic conditions, industry trends, and competitive pressures.
  • Investors should carefully consider their investment objectives, risk tolerance, and conduct thorough research before making any investment decisions related to Fortive Corporation.
  • Past performance is not indicative of future results, and investors should be aware that investing in any company, including Fortive Corporation, carries inherent risks.














FTV Stock Analysis - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

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.

What is Fortive's stock price target for 2024?

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.

How have FTV shares performed in 2023?

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
.

Are investors shorting Fortive?

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
.

When is Fortive's next earnings date?

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

How were Fortive's earnings last quarter?

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
.

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

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
.

Is Fortive a good dividend stock?

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.

How will Fortive's stock buyback program work?

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.

What guidance has Fortive issued on next quarter's earnings?

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.

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).

Who are Fortive's major shareholders?

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
.

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.

This page (NYSE:FTV) was last updated on 12/6/2023 by MarketBeat.com Staff

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