Fortive Corp. (FTV) To Go Ex-Dividend on November 22nd
Fortive Corp. (NYSE:FTV) announced a quarterly dividend on Friday, November 4th. Stockholders of record on Friday, November 25th will be paid a dividend of 0.07 per share on Friday, December 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, November 22nd.
Shares of Fortive Corp. (NYSE:FTV) opened at 54.63 on Monday. Fortive Corp. has a 52 week low of $46.29 and a 52 week high of $55.34. The stock has a market capitalization of $18.89 billion and a P/E ratio of 21.37. The stock has a 50 day moving average price of $50.38 and a 200 day moving average price of $50.68.
Fortive Corp. (NYSE:FTV) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. The company earned $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Fortive Corp. will post $2.49 EPS for the current year.
Several research firms have recently commented on FTV. Raymond James Financial Inc. began coverage on Fortive Corp. in a report on Friday, September 23rd. They issued an “outperform” rating and a $58.00 price objective on the stock. Barclays PLC reissued a “buy” rating on shares of Fortive Corp. in a research note on Thursday, August 4th. Zacks Investment Research cut Fortive Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Citigroup Inc. raised their target price on Fortive Corp. from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Fortive Corp. in a research note on Thursday, August 4th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $53.00.
About Fortive Corp.
Fortive Corporation (Fortive) is an industrial growth company, which operates businesses that design, develop, manufacture, service and market professional and engineered products, software and services for a range of end markets. The Company has two segments: Professional Instrumentation and Industrial Technologies.
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