NYSE:FTVFortive Stock Price, Forecast & News

$70.61

+3.15 (+4.67 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$70.11

Now: $70.61▼

$73.15

50-Day Range

$54.46

MA: $59.94▼

$67.08

52-Week Range

$37.31

Now: $70.61▼

$83.18

Volume3.88 million shs

Average Volume2.11 million shs

Market Capitalization$23.79 billion

P/E Ratio43.86

Dividend Yield0.42%

Beta1.23

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications. This segment also provides product realization services and products that help developers and engineers across the end-to-end product creation cycle from concepts to finished products; materials components; and devices that sense, monitor, and control operational or manufacturing variables. This segment markets its products and services under the ACCRUENT, FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS, GORDIAN, INDUSTRIAL SCIENTIFIC, LANDAUER, QUALITROL, INVETECH, KEITHLEY, PACIFIC SCIENTIFIC, SONIX, and TEKTRONIX brands. Its Industrial Technologies segment offers solutions and services for use in fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking, and fleet and traffic management under the ANGI, GASBOY, GILBARCO, GILBARCO AUTOTANK, ORPAK, VEEDER-ROOT, and TELETRAC NAVMAN brands. This segment also offers professional tools, toolboxes, and automotive diagnostic equipment under the MATCO brand; and wheel service equipment under the COATS brand. The company also provides automation and specialty components under the DYNAPAR and HENGSTLER brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Fortive has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $75.38, Fortive has a potential upside of 6.8% from its current price of $70.61.
Amount of Analyst Coverage
Fortive has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Fortive has received 325 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Fortive has received 355 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Fortive has received 52.21% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Fortive and other stocks. Vote “Outperform” if you believe FTV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FTV will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Fortive is a leading dividend payer. It pays a dividend yield of 0.42%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Fortive does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Fortive is 8.05 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Fortive will have a dividend payout ratio of 8.14 % next year. This indicates that Fortive will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fortive insiders have sold 359.46% more of their company's stock than they have bought. Specifically, they have bought $1,089,200.00 in company stock and sold $5,004,454.00 in company stock.
Percentage Held by Insiders
Only 12.60% of the stock of Fortive is held by insiders.
Percentage Held by Institutions
82.59% of the stock of Fortive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Fortive are expected to grow by 21.99% in the coming year, from $2.82 to $3.44 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fortive is 43.86, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fortive is 43.86, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 56.90.
Price to Book Value per Share Ratio
Fortive has a P/B Ratio of 3.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.17 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Process control instruments

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:FTV

Previous Symbol

CUSIPN/A

CIK1659166

Webwww.fortive.com

Phone425-446-5000

Debt

Debt-to-Equity Ratio0.82

Current Ratio1.62

Quick Ratio1.32

Price-To-Earnings

Trailing P/E Ratio43.86

Forward P/E Ratio25.04

P/E GrowthN/A

Sales & Book Value

Annual Sales$7.32 billion

Price / Sales3.25

Cash Flow$5.22 per share

Price / Cash Flow13.53

Book Value$22.04 per share

Price / Book3.20

Profitability

EPS (Most Recent Fiscal Year)$3.48

Net Income$738.90 million

Net Margins8.28%

Return on Equity17.55%

Return on Assets7.50%

Miscellaneous

Employees25,000

Outstanding Shares336,860,000

Market Cap$23.79 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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Fortive (NYSE:FTV) Frequently Asked Questions

How has Fortive's stock been impacted by COVID-19 (Coronavirus)?

Fortive's stock was trading at $59.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FTV shares have increased by 18.8% and is now trading at $70.61. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Fortive?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Fortive.

When is Fortive's next earnings date?

Fortive is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Fortive.

How were Fortive's earnings last quarter?

Fortive Corp (NYSE:FTV) released its quarterly earnings data on Thursday, April, 30th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The technology company earned $1.71 billion during the quarter, compared to analysts' expectations of $1.76 billion. Fortive had a net margin of 8.28% and a return on equity of 17.55%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. View Fortive's earnings history.

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

Fortive announced a quarterly dividend on Thursday, April 9th. Stockholders of record on Friday, May 29th will be given a dividend of $0.07 per share on Friday, June 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Thursday, May 28th. View Fortive's dividend history.

What price target have analysts set for FTV?

16 brokerages have issued twelve-month price targets for Fortive's stock. Their forecasts range from $70.00 to $86.00. On average, they anticipate Fortive's stock price to reach $75.38 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price. View analysts' price targets for Fortive.

Has Fortive been receiving favorable news coverage?

Media stories about FTV stock have trended neutral recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Fortive earned a news impact score of 0.4 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutFortive.

Are investors shorting Fortive?

Fortive saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,950,000 shares, a drop of 11.9% from the April 30th total of 7,890,000 shares. Based on an average trading volume of 2,770,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.3% of the company's shares are short sold. View Fortive's Current Options Chain.

Who are some of Fortive's key competitors?

Some companies that are related to Fortive include Roper Technologies (ROP), Keysight Technologies (KEYS), Cognex (CGNX), MKS Instruments (MKSI), Sensata Technologies (ST), Mesa Laboratories (MLAB), Hurco Companies (HURC), Crawford United (CRAWA), Hickok (HICKA), International Isotopes (INIS), Clearsign Combustion (CLIR), Sypris Solutions (SYPR), Schmitt Industries (SMIT), Electro-Sensors (ELSE) and Winland (WELX). View all competitors.

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), Western Digital (WDC), Danaher (DHR), NVIDIA (NVDA), Viveve Medical (VIVE), Johnson & Johnson (JNJ) and Honeywell International (HON).

Who are Fortive's key executives?

Fortive's management team includes the following people:

Mr. James A. Lico, Pres, CEO & Director (Age 53)
Mr. Charles E. McLaughlin, Sr. VP & CFO (Age 58)
Mr. Martin Gafinowitz, Sr. VP (Age 60)
Mr. William W. Pringle, Sr. VP (Age 51)
Ms. Barbara B. Hulit, Sr. VP (Age 52)

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 many different retail and institutional investors. Top institutional shareholders include Viking Global Investors LP (2.80%), Capital Research Global Investors (2.65%), Massachusetts Financial Services Co. MA (1.64%), Geode Capital Management LLC (1.36%), Champlain Investment Partners LLC (1.16%) and Flossbach Von Storch AG (0.99%). Company insiders that own Fortive stock include Alan G Spoon, Barbara B Hulit, Charles E Mclaughlin, Christopher M Mulhall, Emily A Weaver, James A Lico, Jonathan L Schwarz, Martin Gafinowitz, Mitchell P Rales, Raj Ratnakar, Stacey A Walker and William W Pringle. View institutional ownership trends for Fortive.

Which major investors are selling Fortive stock?

FTV stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Baillie Gifford & Co., Luminus Management LLC, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Two Sigma Investments LP, Squarepoint Ops LLC, APG Asset Management N.V., and 1832 Asset Management L.P.. Company insiders that have sold Fortive company stock in the last year include Charles E Mclaughlin, Christopher M Mulhall, James A Lico, Martin Gafinowitz, Mitchell P Rales, Stacey A Walker, and William W Pringle. View insider buying and selling activity for Fortive.

Which major investors are buying Fortive stock?

FTV stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Viking Global Investors LP, Flossbach Von Storch AG, Champlain Investment Partners LLC, Klingenstein Fields & Co. LLC, Ensign Peak Advisors Inc, Alyeska Investment Group L.P., and Swiss National Bank. View insider buying and selling activity for Fortive.

How do I buy shares of Fortive?

Shares of FTV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Fortive's stock price today?

One share of FTV stock can currently be purchased for approximately $70.61.

How big of a company is Fortive?

Fortive has a market capitalization of $23.79 billion and generates $7.32 billion in revenue each year. The technology company earns $738.90 million in net income (profit) each year or $3.48 on an earnings per share basis. Fortive employs 25,000 workers across the globe.

What is Fortive's official website?

The official website for Fortive is www.fortive.com.

How can I contact Fortive?

Fortive's mailing address is 6920 SEAWAY BLVD., EVERETT WA, 98203. The technology company can be reached via phone at 425-446-5000 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff