Fortive (FTV) Getting Somewhat Favorable News Coverage, Report Shows
News stories about Fortive (NYSE:FTV) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fortive earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.8455696923428 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Fortive Corp. – Value Analysis (NYSE:FTV) : December 14, 2017 (finance.yahoo.com)
- Marshall Wace Llp Increased Teleflex (TFX) Position; Fortive Common Stock (FTV) Shorts Increased By 16.58% – Hill Country Times (hillcountrytimes.com)
- Fortive Corp. breached its 50 day moving average in a Bearish Manner : FTV-US : December 13, 2017 (finance.yahoo.com)
- Active Institutional Ownership Call For Attention: Fortive Corporation (NYSE:FTV), Adamis Pharmaceuticals … – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of equities research analysts have recently commented on FTV shares. Royal Bank of Canada reiterated a “hold” rating and issued a $66.00 target price on shares of Fortive in a research report on Friday, September 15th. Zacks Investment Research cut shares of Fortive from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BMO Capital Markets started coverage on shares of Fortive in a research report on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 target price for the company. Stifel Nicolaus increased their target price on shares of Fortive from $62.00 to $72.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Citigroup reiterated a “neutral” rating and issued a $72.00 target price (up from $65.00) on shares of Fortive in a research report on Monday, October 9th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Fortive presently has an average rating of “Hold” and an average target price of $70.27.
Fortive (NYSE:FTV) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. Fortive had a net margin of 14.39% and a return on equity of 31.67%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Fortive’s quarterly revenue was up 7.4% on a year-over-year basis. equities analysts anticipate that Fortive will post 2.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 24th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, November 22nd. Fortive’s dividend payout ratio is currently 10.57%.
In related news, SVP Stacey A. Walker sold 4,775 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total value of $346,139.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James A. Lico sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the completion of the sale, the insider now directly owns 166,014 shares of the company’s stock, valued at approximately $12,142,263.96. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.
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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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