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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
NYSE:FTV

Fortive (FTV) Stock Forecast, Price & News

$65.11
-2.13 (-3.17%)
(As of 05/31/2023 ET)
Compare
Today's Range
$64.71
$67.06
50-Day Range
$63.06
$68.17
52-Week Range
$52.47
$69.78
Volume
7.90 million shs
Average Volume
2.10 million shs
Market Capitalization
$23.02 billion
P/E Ratio
30.43
Dividend Yield
0.43%
Price Target
$73.54

Fortive MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
12.9% Upside
$73.54 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
0.39mentions of Fortive in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.36%
From $3.35 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.

2.54 out of 5 stars

Computer And Technology Sector

267th out of 621 stocks

Process Control Instruments Industry

8th out of 11 stocks


FTV stock logo

About Fortive (NYSE:FTV) Stock

Fortive 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 is

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FTV Stock News Headlines

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.
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks 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.
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
Fortive (NYSE:FTV) Price Target Raised to $78.00
Fortive (FTV) Scheduled to Post Quarterly Earnings on Wednesday
See More Headlines
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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
5/31/2023
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
$73.54
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+12.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$755.20 million
Pretax Margin
15.03%

Debt

Sales & Book Value

Annual Sales
$5.83 billion
Cash Flow
$4.34 per share
Book Value
$27.93 per share

Miscellaneous

Free Float
350,757,000
Market Cap
$23.02 billion
Optionable
Optionable
Beta
1.14

Key Executives

  • James A. LicoJames A. Lico
    President, Chief Executive Officer & Director
  • Charles E. MclaughlinCharles E. Mclaughlin
    Chief Financial Officer & Senior Vice President
  • Victor P. Fetter
    Chief Information Officer
  • Peter C. UnderwoodPeter C. Underwood
    Senior Vice President & General Counsel
  • Stacey A. WalkerStacey A. Walker
    Chief Human Resources Officer & SVP













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
.

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

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