Fortive - FTV Stock Forecast, Price & News

10 Wall Street 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 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 objectives for Fortive's shares. 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 21.3% from the stock's current price.
View analysts price targets for FTV or view top-rated stocks among Wall Street analysts.

Fortive's stock was trading at $76.29 at the beginning of 2022. Since then, FTV shares have decreased by 21.5% and is now trading at $59.87.
View the best growth stocks for 2022 here.

Fortive saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,070,000 shares, an increase of 24.5% from the August 15th total of 3,270,000 shares. Based on an average trading volume of 1,890,000 shares, the short-interest ratio is currently 2.2 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) announced its quarterly earnings results on Thursday, July, 28th. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate 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 revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share.
Read the conference call transcript.

Fortive declared a quarterly dividend on Thursday, August 18th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.07 per share on Friday, September 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Tuesday, August 30th.
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 0.46%. 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 declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 17th 2022, which authorizes the company to repurchase 20,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership 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 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 many different institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (11.45%), State Street Corp (3.79%), FMR LLC (3.31%), Massachusetts Financial Services Co. MA (1.86%), Champlain Investment Partners LLC (1.58%) and Brown Advisory Inc. (1.25%). 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 $59.87.

Fortive (NYSE:FTV) has a market capitalization of $21.30 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.