Fortive Co. (NYSE:FTV - Free Report) - Seaport Res Ptn reduced their Q1 2025 earnings per share (EPS) estimates for Fortive in a report released on Monday, December 23rd. Seaport Res Ptn analyst S. Graham now anticipates that the technology company will post earnings of $0.90 per share for the quarter, down from their previous forecast of $0.91. The consensus estimate for Fortive's current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Fortive's Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.00 EPS, FY2025 earnings at $4.07 EPS, Q1 2026 earnings at $1.00 EPS, Q2 2026 earnings at $1.11 EPS, Q3 2026 earnings at $1.10 EPS and FY2026 earnings at $4.50 EPS.
Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS.
A number of other brokerages have also recently weighed in on FTV. StockNews.com upgraded Fortive from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Barclays lowered their price target on shares of Fortive from $98.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of Fortive from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $90.00 to $92.00 in a research note on Thursday, October 10th. Argus restated a "hold" rating on shares of Fortive in a research note on Monday, November 18th. Finally, Citigroup downgraded Fortive from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.82.
Check Out Our Latest Stock Report on Fortive
Fortive Stock Up 0.7 %
Fortive stock traded up $0.54 during mid-day trading on Tuesday, reaching $75.00. 654,960 shares of the company were exchanged, compared to its average volume of 2,042,049. Fortive has a 12-month low of $66.15 and a 12-month high of $87.10. The business has a fifty day moving average of $76.09 and a 200 day moving average of $74.43. The firm has a market cap of $26.02 billion, a P/E ratio of 29.88, a PEG ratio of 2.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25.
Fortive Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, November 29th. Fortive's dividend payout ratio (DPR) is currently 12.75%.
Insider Transactions at Fortive
In related news, SVP Stacey A. Walker sold 171,808 shares of Fortive stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the completion of the transaction, the senior vice president now directly owns 42,651 shares in the company, valued at approximately $3,058,503.21. This trade represents a 80.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Peter C. Underwood sold 5,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the senior vice president now owns 48,346 shares in the company, valued at approximately $3,702,336.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.01% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in shares of Fortive by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company's stock valued at $308,000 after acquiring an additional 135 shares during the period. Patton Albertson Miller Group LLC grew its holdings in Fortive by 1.7% in the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company's stock valued at $699,000 after purchasing an additional 150 shares during the period. Andina Capital Management LLC grew its holdings in Fortive by 3.4% in the third quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company's stock valued at $362,000 after purchasing an additional 152 shares during the period. Axiom Advisory LLC raised its stake in shares of Fortive by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,048 shares of the technology company's stock worth $734,000 after buying an additional 157 shares during the period. Finally, Mill Creek Capital Advisors LLC lifted its position in shares of Fortive by 4.7% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 3,641 shares of the technology company's stock valued at $270,000 after buying an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.
About Fortive
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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.
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