Fortive - FTV Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FTV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTV, but not buy additional shares or sell existing shares.
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10 brokers have issued 1-year price targets for Fortive's stock. Their FTV share price forecasts range from $60.00 to $95.00. On average, they predict the company's stock price to reach $72.64 in the next year. This suggests a possible upside of 6.0% from the stock's current price.
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Fortive's stock was trading at $76.29 on January 1st, 2022. Since then, FTV stock has decreased by 10.2% and is now trading at $68.51.
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Fortive saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,010,000 shares, a decline of 30.8% from the June 30th total of 4,350,000 shares. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is currently 1.2 days.
View Fortive's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our FTV earnings forecast.

Fortive Co. (NYSE:FTV) released its quarterly earnings results on Thursday, July, 28th. The technology company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The technology company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.41 billion. Fortive had a net margin of 11.86% and a trailing twelve-month return on equity of 11.25%. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS.
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Fortive declared a quarterly dividend on Thursday, April 7th. Stockholders of record on Friday, May 27th will be given a dividend of $0.07 per share on Friday, June 24th. This represents a $0.28 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Thursday, May 26th.
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 0.42%. The dividend payout ratio is 15.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 8.41% 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 authorizes the company to buyback 20,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Fortive issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $0.74-$0.77 for the period, compared to the consensus earnings per share estimate of $0.77. The company issued revenue guidance of $1.43 billion-$1.46 billion, compared to the consensus revenue estimate of $1.45 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 a number of retail and institutional investors. Top institutional shareholders include FMR LLC (3.31%), Brown Advisory Inc. (1.25%), Northern Trust Corp (1.14%), Ceredex Value Advisors LLC (0.76%), Artisan Partners Limited Partnership (0.74%) and Mackenzie Financial Corp (0.60%). 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 $68.51.

Fortive (NYSE:FTV) has a market capitalization of $24.37 billion and generates $5.25 billion in revenue each year. The technology company earns $608.40 million in net income (profit) each year or $1.80 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.