Fortive - FTV Stock Forecast, Price & News

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.

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.

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.

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.

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 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.

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.

ETFs with the largest weight of Fortive (NYSE:FTV) stock in their portfolio include Hennessy Stance ESG Large Cap ETF (STNC), Gabelli Automation ETF (GAST), Global X U.S. Infrastructure Development ETF (PAVE), SPDR S&P Kensho Final Frontiers ETF (ROKT), Putnam Sustainable Leaders ETF (PLDR), Invesco Zacks Mid-Cap ETF (CZA), Invesco S&P 500 Equal Weight Industrials ETF (RGI) and VanEck Morningstar SMID Moat ETF (SMOT).

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.

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.

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.

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 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.

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 $66.27.

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.

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.