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.
Analyst Ratings Changes
Several analysts have issued reports on the company. StockNews.com raised Fortive from a "hold" rating to a "buy" rating in a report on Monday, August 1st. Credit Suisse Group set a $74.00 price target on Fortive in a report on Tuesday, July 19th. Morgan Stanley boosted their price target on Fortive from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Friday, July 29th. Mizuho dropped their price objective on Fortive from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 18th. Finally, Loop Capital dropped their price objective on Fortive from $84.00 to $78.00 and set a "buy" rating for the company in a research note on Tuesday, July 19th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Fortive has a consensus rating of "Hold" and an average price target of $72.64.
Fortive Price Performance
NYSE:FTV opened at $68.49 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $24.36 billion, a P/E ratio of 37.94, a P/E/G ratio of 2.34 and a beta of 1.16. Fortive has a 12 month low of $52.47 and a 12 month high of $79.87. The business's 50-day moving average is $58.60 and its 200 day moving average is $60.28.
Fortive (NYSE:FTV - Get Rating) last posted its 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 company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. Fortive had a return on equity of 11.25% and a net margin of 11.86%. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. On average, equities research analysts forecast that Fortive will post 3.11 earnings per share for the current fiscal year.