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 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FTV shares.
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9 Wall Street analysts have issued 12-month price targets for Fortive's shares. Their FTV share price forecasts range from $60.00 to $95.00. On average, they expect the company's stock price to reach $73.57 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price.
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Fortive's stock was trading at $76.29 at the start of the year. Since then, FTV shares have decreased by 11.0% and is now trading at $67.89.
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Fortive saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 4,760,000 shares, a decrease of 11.7% from the October 15th total of 5,390,000 shares. Based on an average trading volume of 1,850,000 shares, the short-interest ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our FTV earnings forecast.

Fortive Co. (NYSE:FTV) released its quarterly earnings results on Wednesday, October, 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.03. The technology company earned $1.46 billion during the quarter, compared to analysts' expectations of $1.44 billion. Fortive had a net margin of 12.22% and a trailing twelve-month return on equity of 11.69%.

Fortive announced a quarterly dividend on Thursday, November 3rd. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.07 per share on Friday, December 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for FTV.

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 14.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 8.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTV.

Fortive announced that its board has approved a share repurchase program on Thursday, February 17th 2022, which permits the company to repurchase 20,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Fortive issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of $0.82-$0.85 for the period, compared to the consensus estimate of $0.86. The company issued revenue guidance of $1.48 billion-$1.50 billion, compared to the consensus revenue estimate of $1.51 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.09%), BlackRock Inc. (8.42%), Royal Bank of Canada (4.97%), State Street Corp (3.78%), Flossbach Von Storch AG (3.59%) and Massachusetts Financial Services Co. MA (1.95%). 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, James A Lico, Jonathan L Schwarz, Martin Gafinowitz, 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.
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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.
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One share of FTV stock can currently be purchased for approximately $67.89.

Fortive (NYSE:FTV) has a market capitalization of $24.02 billion and generates $5.25 billion in revenue each year. The technology company earns $608.40 million in net income (profit) each year or $1.91 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.