Fortive - FTV Stock Forecast, Price & News

10 Wall Street research 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 research analysts is that investors should "buy" FTV shares.
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10 Wall Street research 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 expect the company's share price to reach $72.62 in the next year. This suggests a possible upside of 5.1% 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 $64.25 on January 1st, 2023. Since then, FTV stock has increased by 7.5% and is now trading at $69.10.
View the best growth stocks for 2023 here.

Fortive saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 5,080,000 shares, an increase of 5.4% from the December 15th total of 4,820,000 shares. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is currently 2.9 days.
View Fortive's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our FTV earnings forecast.

Fortive Co. (NYSE:FTV) released its earnings results on Wednesday, February, 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The technology company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. Fortive had a net margin of 12.96% and a trailing twelve-month return on equity of 11.90%. Fortive's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share.
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Fortive announced a quarterly dividend on Tuesday, January 24th. Investors of record on Friday, February 24th will be given 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 0.41%. The ex-dividend date is Thursday, February 23rd.
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 0.41%. 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 7.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTV.

Fortive announced that its board has authorized a share repurchase program 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. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Fortive issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided EPS guidance of $0.71-$0.74 for the period, compared to the consensus 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.

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 a number of retail and institutional investors. Top institutional investors include Flossbach Von Storch AG (2.88%), Boston Partners (0.74%), Allspring Global Investments Holdings LLC (0.43%), Swiss National Bank (0.39%), Ceredex Value Advisors LLC (0.32%) and TD Asset Management Inc (0.30%). 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 $69.10.

Fortive (NYSE:FTV) has a market capitalization of $24.45 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.

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.