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NYSE:FTV

Fortive - FTV Stock Forecast, Price & News

$67.56
-0.77 (-1.13%)
(As of 08/19/2022 10:34 AM ET)
Add
Compare
Today's Range
$67.45
$67.80
50-Day Range
$53.56
$68.66
52-Week Range
$52.47
$79.87
Volume
10,550 shs
Average Volume
1.99 million shs
Market Capitalization
$24.03 billion
P/E Ratio
37.53
Dividend Yield
0.41%
Price Target
$72.64

Fortive MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
7.5% Upside
$72.64 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.20mentions of Fortive in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.07%
From $3.11 to $3.33 Per Share

Overall MarketRank

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

2.55 out of 5 stars

Computer And Technology Sector

296th out of 660 stocks

Process Control Instruments Industry

8th out of 14 stocks

FTV stock logo

About Fortive (NYSE:FTV) Stock

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.

Fortive Stock Up 0.4 %

Shares of FTV Stock traded up $0.29 on Thursday, hitting $68.33. 978,380 shares of the stock were exchanged, compared to its average volume of 2,778,736. 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 firm has a market capitalization of $24.30 billion, a P/E ratio of 37.77, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16. Fortive has a fifty-two week low of $52.47 and a fifty-two week high of $79.87. The business has a 50-day moving average of $58.91 and a 200 day moving average of $60.38.

Fortive (NYSE:FTV - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating 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 net margin of 11.86% and a 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 company earned $0.66 earnings per share. Equities analysts anticipate that Fortive will post 3.11 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com raised shares of Fortive from a "hold" rating to a "buy" rating in a research note on Monday, August 1st. Wells Fargo & Company lifted their price objective on Fortive from $57.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Monday, August 1st. Citigroup raised their target price on shares of Fortive from $69.00 to $72.00 in a research note on Friday, July 29th. Cowen cut their price objective on shares of Fortive from $80.00 to $70.00 and set a "market perform" rating on the stock in a report on Thursday, June 2nd. Finally, Credit Suisse Group set a $74.00 target price on Fortive in a research report on Tuesday, July 19th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $72.64.

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FTV Stock News Headlines

Fortive (NYSE:FTV) PT Raised to $72.00 at Barclays
Fortive (NYSE:FTV) Upgraded to Buy at StockNews.com
Robert W. Baird Cuts Fortive (NYSE:FTV) Price Target to $77.00
Fortive (NYSE:FTV) PT Raised to $72.00 at Citigroup
Fortive: Q2 Earnings Snapshot - Greenwich Time
Fortive Stock Gains Post Q2 Beat
9 Analysts Have This to Say About Fortive
See More Headlines
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FTV Company Calendar

Ex-Dividend for 6/24 Dividend
5/26/2022
Dividend Payable
6/24/2022
Last Earnings
7/28/2022
Today
8/19/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022
Ex-Dividend for 9/30 Dividend
1/01/2100

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
$72.64
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+7.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$608.40 million
Pretax Margin
13.61%

Debt

Sales & Book Value

Annual Sales
$5.25 billion
Cash Flow
$3.85 per share
Book Value
$26.57 per share

Miscellaneous

Free Float
352,887,000
Market Cap
$24.03 billion
Optionable
Optionable
Beta
1.16

Key Executives

  • Mr. James A. LicoMr. James A. Lico (Age 56)
    Pres, CEO & Director
    Comp: $4.84M
  • Mr. Charles E. McLaughlinMr. Charles E. McLaughlin (Age 61)
    Sr. VP & CFO
    Comp: $2.12M
  • Ms. Barbara B. HulitMs. Barbara B. Hulit (Age 55)
    Exec. Advisor
    Comp: $1.63M
  • Mr. Edward Read Simmons (Age 48)
    Sr. VP of Strategy
    Comp: $1.29M
  • Mr. Olumide Soroye (Age 49)
    Pres & CEO of Intelligent Operating Solutions Segment
    Comp: $2.12M
  • Mr. Christopher M. MulhallMr. Christopher M. Mulhall (Age 49)
    VP & Chief Accounting Officer
  • Mr. Victor P. Fetter III (Age 53)
    Chief Information Officer
  • Griffin Whitney
    VP of Investor Relations
  • Mr. Peter C. UnderwoodMr. Peter C. Underwood (Age 52)
    Sr. VP & Gen. Counsel
  • Mr. Jonathan L. SchwarzMr. Jonathan L. Schwarz (Age 50)
    Sr. VP of Corp. Devel.













FTV Stock - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
View FTV analyst ratings
or view top-rated stocks.

What is Fortive's stock price forecast for 2022?

10 Wall Street analysts have issued 1 year target prices 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 twelve months. This suggests a possible upside of 6.3% 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 2022?

Fortive's stock was trading at $76.29 at the beginning of 2022. Since then, FTV stock has decreased by 10.4% and is now trading at $68.33.
View the best growth stocks for 2022 here
.

Are investors shorting Fortive?

Fortive saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,010,000 shares, a drop of 30.8% from the June 30th total of 4,350,000 shares. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is currently 1.2 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, October 27th 2022.
View our FTV earnings forecast
.

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) released its quarterly earnings results on Thursday, July, 28th. The technology company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The technology company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.41 billion. Fortive had a net margin of 11.86% and a trailing twelve-month return on equity of 11.25%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS.
Read the conference call transcript
.

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

Fortive declared a quarterly dividend on Thursday, August 18th. Investors 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 dividend yield of 0.41%.
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 0.41%. 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.

How will Fortive's stock buyback program work?

Fortive announced that its Board of Directors has approved a share buyback program on Thursday, February 17th 2022, which authorizes the company to repurchase 20,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

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

Fortive issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.74-$0.77 for the period, compared to the consensus earnings per share 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.

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 number of retail and institutional investors. Top institutional shareholders 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.
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 $68.33.

How much money does Fortive make?

Fortive (NYSE:FTV) has a market capitalization of $24.30 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.

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 8/19/2022 by MarketBeat.com Staff

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