Fortive Corporation (FTV) Earning Somewhat Positive Press Coverage, Study Finds
News articles about Fortive Corporation (NYSE:FTV) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortive Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.0019747407974 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Fortive Corporation (FTV) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Fortive : Comerica Bank Raises Position in Fortive Corporation (FTV) (4-traders.com)
- Fortive Corp (FTV) Shares Needle Moving -0.85% – FLBC News (flbcnews.com)
- Why You Shouldn’t Bet Against Fortive Corporation (FTV) Stock – Nasdaq (nasdaq.com)
- Why You Shouldn't Bet Against Fortive Corporation (FTV) Stock (finance.yahoo.com)
Several research analysts have commented on the company. Barclays PLC set a $66.00 price target on Fortive Corporation and gave the stock a “buy” rating in a research report on Sunday, April 30th. Zacks Investment Research lowered Fortive Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $66.00 price target (up previously from $65.00) on shares of Fortive Corporation in a research report on Sunday, July 30th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Fortive Corporation in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $62.00 price target on shares of Fortive Corporation in a research report on Sunday, July 30th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Fortive Corporation has an average rating of “Hold” and a consensus price target of $61.82.
Shares of Fortive Corporation (FTV) traded down 0.29% on Friday, hitting $64.69. The company’s stock had a trading volume of 1,407,834 shares. The company has a 50 day moving average of $64.91 and a 200 day moving average of $61.96. The firm has a market cap of $22.45 billion, a PE ratio of 25.48 and a beta of 0.23. Fortive Corporation has a 1-year low of $46.81 and a 1-year high of $67.48.
Fortive Corporation (NYSE:FTV) last posted its earnings results on Thursday, July 27th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. Fortive Corporation’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Fortive Corporation will post $2.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortive Corporation’s dividend payout ratio (DPR) is currently 11.02%.
In other news, VP Emily A. Weaver sold 3,749 shares of Fortive Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $62.27, for a total value of $233,450.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles E. Mclaughlin sold 6,565 shares of Fortive Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $66.09, for a total transaction of $433,880.85. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.
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Fortive Corporation Company Profile
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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