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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
NYSE:FTV

Fortive - FTV Stock Forecast, Price & News

$68.51
+1.23 (+1.83%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$67.45
$68.54
50-Day Range
$53.56
$68.51
52-Week Range
$52.47
$79.87
Volume
1.32 million shs
Average Volume
1.90 million shs
Market Capitalization
$24.37 billion
P/E Ratio
38.06
Dividend Yield
0.42%
Price Target
$72.64

Fortive MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
6.0% Upside
$72.64 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.20mentions of Fortive in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.07%
From $3.11 to $3.33 Per Share

Overall MarketRank

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

2.49 out of 5 stars

Computer And Technology Sector

215th out of 659 stocks

Process Control Instruments Industry

7th out of 14 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. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

Fortive Price Performance

Shares of NYSE:FTV opened at $68.51 on Friday. The company has a 50 day moving average of $58.60 and a 200 day moving average of $60.40. The stock has a market cap of $24.37 billion, a P/E ratio of 38.06, a P/E/G ratio of 2.30 and a beta of 1.16. Fortive has a 12 month low of $52.47 and a 12 month high of $79.87. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Fortive (NYSE:FTV - Get Rating) last announced its earnings results on Thursday, July 28th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. Fortive had a net margin of 11.86% and a return on equity of 11.25%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business posted $0.66 earnings per share. Fortive's revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that Fortive will post 3.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FTV shares. Cowen lowered their target price on shares of Fortive from $80.00 to $70.00 and set a "market perform" rating on the stock in a research report on Thursday, June 2nd. Credit Suisse Group set a $74.00 target price on shares of Fortive in a report on Tuesday, July 19th. Robert W. Baird reduced their price target on shares of Fortive from $81.00 to $77.00 in a research report on Friday, July 29th. Loop Capital cut their price target on shares of Fortive from $84.00 to $78.00 and set a "buy" rating on the stock in a research report on Tuesday, July 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Fortive from $57.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Monday, August 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $72.64.

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FTV Stock News Headlines

Fortive (NYSE:FTV) PT Raised to $72.00 at Barclays
Fortive (NYSE:FTV) Upgraded to Buy at StockNews.com
Robert W. Baird Cuts Fortive (NYSE:FTV) Price Target to $77.00
Fortive (NYSE:FTV) PT Raised to $72.00 at Citigroup
Fortive: Q2 Earnings Snapshot - Greenwich Time
Fortive Stock Gains Post Q2 Beat
Fortive (FTV) to Release Earnings on Thursday
9 Analysts Have This to Say About Fortive
See More Headlines
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FTV Company Calendar

Ex-Dividend for 6/24 Dividend
5/26/2022
Dividend Payable
6/24/2022
Last Earnings
7/28/2022
Today
8/13/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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
$72.64
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$608.40 million
Pretax Margin
13.61%

Debt

Sales & Book Value

Annual Sales
$5.25 billion
Cash Flow
$3.95 per share
Book Value
$26.57 per share

Miscellaneous

Free Float
340,046,000
Market Cap
$24.37 billion
Optionable
Optionable
Beta
1.16














FTV Stock - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

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.
View FTV analyst ratings
or view top-rated stocks.

What is Fortive's stock price forecast for 2022?

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.
View analysts price targets for FTV
or view top-rated stocks among Wall Street analysts.

How have FTV shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Fortive?

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
.

When is Fortive's next earnings date?

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

How were Fortive's earnings last quarter?

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.
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 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
.

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 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.

How will Fortive's stock buyback program work?

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.

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

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.

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 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.
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 $68.51.

How much money does Fortive make?

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.

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 8/13/2022 by MarketBeat.com Staff

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