Shares of Fortive Corp. (NYSE:FTV) have been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the stock. Nine research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $53.22.

Several research firms have recently weighed in on FTV. Argus began coverage on shares of Fortive Corp. in a research note on Thursday, September 8th. They issued a “hold” rating for the company. Goldman Sachs Group Inc. began coverage on shares of Fortive Corp. in a research note on Wednesday, September 28th. They issued a “neutral” rating and a $47.00 price objective for the company. Raymond James Financial Inc. began coverage on shares of Fortive Corp. in a research note on Friday, September 23rd. They issued an “outperform” rating and a $58.00 price objective for the company. Zacks Investment Research upgraded shares of Fortive Corp. from a “sell” rating to a “hold” rating and set a $57.00 price objective for the company in a research note on Monday, October 31st. Finally, Citigroup Inc. lifted their price target on shares of Fortive Corp. from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th.

An institutional investor recently bought a new position in Fortive Corp. stock. Capital International Investors acquired a new position in shares of Fortive Corp. (NYSE:FTV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,550 shares of the company’s stock, valued at approximately $2,726,000. 28.64% of the stock is owned by institutional investors and hedge funds.

Shares of Fortive Corp. (NYSE:FTV) opened at 55.80 on Monday. The firm’s 50-day moving average is $51.16 and its 200 day moving average is $50.99. The company has a market capitalization of $19.29 billion and a price-to-earnings ratio of 21.83. Fortive Corp. has a 52-week low of $46.29 and a 52-week high of $55.93.

Fortive Corp. (NYSE:FTV) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08. The company earned $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Fortive Corp. will post $2.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, November 25th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Tuesday, November 22nd.

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Fortive Corp. Company Profile

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.

5 Day Chart for NYSE:FTV

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