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NYSE:FTV

Fortive - FTV Stock Forecast, Price & News

$66.27
+0.32 (+0.49%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$65.67
$66.50
50-Day Range
$63.93
$69.54
52-Week Range
$52.47
$69.78
Volume
1.52 million shs
Average Volume
1.93 million shs
Market Capitalization
$23.41 billion
P/E Ratio
31.56
Dividend Yield
0.42%
Price Target
$73.08

Fortive MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
10.3% Upside
$73.08 Price Target
Short Interest
Healthy
1.40% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.84mentions of Fortive in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$450,483 Sold Last Quarter
Proj. Earnings Growth
8.06%
From $3.35 to $3.62 Per Share

Overall MarketRank

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

2.80 out of 5 stars

Computer And Technology Sector

77th out of 616 stocks

Process Control Instruments Industry

6th out of 11 stocks


FTV stock logo

About Fortive (NYSE:FTV) Stock

Fortive Corp. engages in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the following segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides solutions to accelerate industrial and facility reliability and performance, as well as compliance and safety across a range of vertical end markets, including manufacturing, process industries, healthcare, utilities and power, communications, and electronics. The Precision Technologies segment supplies technologies such as electrical test and measurement instruments and services, energetic material devices, and a broad portfolio of sensor and control system solutions. The Advanced Healthcare Solutions segment serves healthcare customers with products and services for critical activities, including instrument and device reprocessing, instrument tracking, cell therapy equipment design and manufacturing, biomedical test tools, radiation safety monitoring, and asset management. The company was founded on November 10, 2015, and is

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FTV Stock News Headlines

Fortive (NYSE:FTV) Stock Rating Upgraded by Vertical Research
Fortive (NYSE:FTV) Coverage Initiated at StockNews.com
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Do Fortive's (NYSE:FTV) Earnings Warrant Your Attention?
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Robert W. Baird Keeps Their Buy Rating on Fortive (FTV)
Fortive (FTV) Beats Q3 Earnings and Revenue Estimates
See More Headlines
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FTV Company Calendar

Ex-Dividend for 12/30 Dividend
11/29/2022
Dividend Payable
12/30/2022
Last Earnings
2/01/2023
Ex-Dividend for 3/31 Dividend
2/23/2023
Today
3/28/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

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
$73.08
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+10.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$755.20 million
Pretax Margin
14.99%

Debt

Sales & Book Value

Annual Sales
$5.83 billion
Cash Flow
$4.58 per share
Book Value
$27.38 per share

Miscellaneous

Free Float
350,409,000
Market Cap
$23.35 billion
Optionable
Optionable
Beta
1.13

Key Executives

  • James A. LicoJames A. Lico
    President, Chief Executive Officer & Director
  • Charles E. MclaughlinCharles E. Mclaughlin
    Chief Financial Officer & Senior Vice President
  • Victor P. Fetter
    Chief Information Officer
  • Peter C. UnderwoodPeter C. Underwood
    Senior Vice President & General Counsel
  • Daniel B. Kim
    Secretary, VP & Associate General Counsel













FTV Stock - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FTV shares.
View FTV analyst ratings
or view top-rated stocks.

What is Fortive's stock price forecast for 2023?

10 Wall Street analysts have issued 1 year price objectives for Fortive's shares. Their FTV share price forecasts range from $63.00 to $78.00. On average, they anticipate the company's share price to reach $73.08 in the next twelve months. This suggests a possible upside of 10.3% 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 2023?

Fortive's stock was trading at $64.25 on January 1st, 2023. Since then, FTV shares have increased by 3.1% and is now trading at $66.27.
View the best growth stocks for 2023 here
.

Are investors shorting Fortive?

Fortive saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,960,000 shares, an increase of 9.3% from the February 28th total of 4,540,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is currently 2.7 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, April 27th 2023.
View our FTV earnings forecast
.

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) released its earnings results on Wednesday, February, 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. The technology company earned $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. Fortive had a trailing twelve-month return on equity of 11.90% and a net margin of 12.96%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share.
Read the conference call transcript
.

How often does Fortive pay dividends? What is the dividend yield for Fortive?

Fortive announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, February 24th will be paid a dividend of $0.07 per share on Friday, March 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Thursday, February 23rd.
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 0.43%. The dividend payout ratio is 13.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 7.73% 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 stock repurchase plan on Thursday, February 17th 2022, which allows the company to repurchase 20,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

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

Fortive issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $0.71-$0.74 for the period, compared to the consensus earnings per share estimate of $0.75. The company issued revenue guidance of $1.40 billion-$1.44 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 variety of retail and institutional investors. Top institutional investors include T. Rowe Price Investment Management Inc. (9.54%), Flossbach Von Storch AG (2.88%), Geode Capital Management LLC (2.02%), Brown Advisory Inc. (1.49%), Moneta Group Investment Advisors LLC (1.02%) and Morgan Stanley (0.87%). 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, 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 $66.27.

How much money does Fortive make?

Fortive (NYSE:FTV) has a market capitalization of $23.41 billion and generates $5.83 billion in revenue each year. The technology company earns $755.20 million in net income (profit) each year or $2.10 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 3/28/2023 by MarketBeat.com Staff