Fortive Co. (NYSE:FTV) Receives $87.18 Average Price Target from Analysts

Shares of Fortive Co. (NYSE:FTV - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen research firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $84.82.

FTV has been the subject of a number of analyst reports. StockNews.com cut Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Truist Financial lowered their target price on shares of Fortive from $90.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday. Royal Bank of Canada upped their price target on Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on Fortive from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Finally, Barclays lowered their price target on Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th.

Insider Buying and Selling at Fortive

In related news, CEO James A. Lico sold 196,117 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $80.38, for a total value of $15,763,884.46. Following the completion of the transaction, the chief executive officer now directly owns 528,851 shares in the company, valued at $42,509,043.38. The trade was a 27.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stacey A. Walker sold 5,688 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total transaction of $457,997.76. Following the sale, the senior vice president now owns 47,141 shares in the company, valued at approximately $3,795,793.32. This represents a 10.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,385 shares of company stock worth $19,508,529. Insiders own 1.01% of the company's stock.

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Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTV. Brown Brothers Harriman & Co. increased its stake in shares of Fortive by 5.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,554 shares of the technology company's stock valued at $192,000 after purchasing an additional 127 shares in the last quarter. Wedmont Private Capital grew its holdings in Fortive by 4.3% in the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock valued at $252,000 after purchasing an additional 137 shares during the period. Dynasty Wealth Management LLC increased its position in shares of Fortive by 1.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company's stock valued at $1,083,000 after buying an additional 142 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Fortive by 13.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,400 shares of the technology company's stock worth $105,000 after buying an additional 165 shares during the period. Finally, Webster Bank N. A. lifted its position in shares of Fortive by 6.6% during the 4th quarter. Webster Bank N. A. now owns 2,696 shares of the technology company's stock valued at $202,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Fortive Trading Down 3.1 %

Shares of NYSE:FTV traded down $2.03 during trading on Friday, reaching $62.62. 5,189,093 shares of the company were exchanged, compared to its average volume of 2,304,774. Fortive has a 12-month low of $61.73 and a 12-month high of $84.69. The firm has a market capitalization of $21.31 billion, a PE ratio of 26.54, a P/E/G ratio of 2.68 and a beta of 1.12. The business's fifty day simple moving average is $76.37 and its 200-day simple moving average is $76.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same period in the prior year, the company earned $0.98 earnings per share. On average, research analysts anticipate that Fortive will post 4.05 EPS for the current year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, May 30th. Fortive's dividend payout ratio is currently 13.56%.

About Fortive

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.