Fortive Co. (NYSE:FTV) Given Average Rating of "Moderate Buy" by Analysts

Shares of Fortive Co. (NYSE:FTV - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $87.82.

Several analysts recently weighed in on the stock. Raymond James raised shares of Fortive from a "market perform" rating to an "outperform" rating and set a $85.00 target price on the stock in a report on Thursday, September 5th. Wells Fargo & Company reduced their price objective on shares of Fortive from $82.00 to $77.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada decreased their price objective on shares of Fortive from $85.00 to $77.00 and set a "sector perform" rating for the company in a research report on Thursday, October 31st. UBS Group began coverage on Fortive in a report on Wednesday, November 13th. They issued a "neutral" rating and a $84.00 target price on the stock. Finally, Truist Financial decreased their price target on Fortive from $90.00 to $89.00 and set a "buy" rating for the company in a report on Friday, November 1st.

Fortive Trading Up 0.0 %

Fortive stock traded up $0.01 during mid-day trading on Friday, hitting $79.33. The company's stock had a trading volume of 1,234,827 shares, compared to its average volume of 2,003,695. Fortive has a 1 year low of $66.15 and a 1 year high of $87.10. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $27.52 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13. The stock's fifty day moving average is $76.23 and its two-hundred day moving average is $74.24.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm's revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Fortive will post 3.85 EPS for the current year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive's dividend payout ratio (DPR) is presently 12.75%.

Insiders Place Their Bets

In related news, SVP Peter C. Underwood sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the transaction, the senior vice president now owns 48,346 shares of the company's stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan L. Schwarz sold 14,223 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the completion of the sale, the senior vice president now directly owns 68,161 shares of the company's stock, valued at $5,030,281.80. This trade represents a 17.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,895 shares of company stock worth $14,261,051 over the last ninety days. Company insiders own 1.01% of the company's stock.

Institutional Trading of Fortive

A number of hedge funds have recently bought and sold shares of the stock. Mizuho Securities USA LLC lifted its stake in shares of Fortive by 14,635.7% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company's stock valued at $315,720,000 after acquiring an additional 3,972,855 shares during the period. Point72 Asset Management L.P. grew its position in Fortive by 1,005.9% in the third quarter. Point72 Asset Management L.P. now owns 1,937,153 shares of the technology company's stock valued at $152,899,000 after purchasing an additional 1,761,983 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Fortive by 13.8% during the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company's stock worth $634,701,000 after purchasing an additional 977,428 shares in the last quarter. Holocene Advisors LP increased its stake in shares of Fortive by 1,014.1% during the 3rd quarter. Holocene Advisors LP now owns 924,671 shares of the technology company's stock worth $72,984,000 after purchasing an additional 841,671 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Fortive by 59.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,359,069 shares of the technology company's stock valued at $107,271,000 after acquiring an additional 505,882 shares during the period. 94.94% of the stock is owned by institutional investors.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.