Fortive (FTV) Expected to Announce Earnings on Thursday

Fortive (NYSE:FTV - Get Free Report) is expected to be releasing its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect Fortive to post earnings of $0.85 per share and revenue of $1.49 billion for the quarter. Fortive has set its Q1 2025 guidance at 0.830-0.860 EPS and its FY 2025 guidance at 4.000-4.120 EPS.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company earned $0.98 EPS. On average, analysts expect Fortive to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fortive Stock Performance

FTV traded up $0.03 during trading on Friday, reaching $68.95. The company's stock had a trading volume of 2,136,846 shares, compared to its average volume of 2,358,370. The company has a market capitalization of $23.46 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.12. The company's fifty day moving average price is $72.37 and its 200-day moving average price is $75.51. Fortive has a 52-week low of $60.39 and a 52-week high of $83.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, May 30th. Fortive's payout ratio is 13.56%.

Insider Activity

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

Hedge Funds Weigh In On Fortive

An institutional investor recently raised its position in Fortive stock. Brighton Jones LLC lifted its holdings in Fortive Co. (NYSE:FTV - Free Report) by 97.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,706 shares of the technology company's stock after buying an additional 2,811 shares during the quarter. Brighton Jones LLC's holdings in Fortive were worth $428,000 as of its most recent filing with the SEC. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FTV shares. Truist Financial reduced their price target on shares of Fortive from $90.00 to $81.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of Fortive from $90.00 to $73.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Citigroup lowered their target price on shares of Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, BNP Paribas downgraded Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price objective on the stock. in a report on Wednesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $81.92.

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.