Analysts Set Fortive Corp. (FTV) PT at $53.22
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.
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.
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