Brokerages Set Fortive Co. (NYSE:FTV) PT at $85.69

Shares of Fortive Co. (NYSE:FTVGet Free Report) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $87.08.

A number of research firms recently weighed in on FTV. Barclays increased their price objective on shares of Fortive from $89.00 to $97.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of Fortive from $92.00 to $84.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Monday, May 13th. JPMorgan Chase & Co. cut shares of Fortive from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $95.00 to $90.00 in a report on Wednesday, April 17th. Finally, Citigroup lowered their target price on shares of Fortive from $101.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th.

Check Out Our Latest Analysis on FTV

Hedge Funds Weigh In On Fortive

Large investors have recently made changes to their positions in the business. Nordea Investment Management AB boosted its position in shares of Fortive by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 527,199 shares of the technology company’s stock valued at $38,828,000 after purchasing an additional 134,259 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in shares of Fortive by 4.5% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 832,888 shares of the technology company’s stock valued at $61,326,000 after purchasing an additional 35,688 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Fortive by 104.3% during the 1st quarter. BNP Paribas Financial Markets now owns 369,076 shares of the technology company’s stock valued at $31,748,000 after purchasing an additional 188,415 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Fortive by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 577,159 shares of the technology company’s stock valued at $42,496,000 after purchasing an additional 13,251 shares in the last quarter. Finally, Capital World Investors boosted its position in shares of Fortive by 0.6% during the 4th quarter. Capital World Investors now owns 5,847,724 shares of the technology company’s stock valued at $430,568,000 after purchasing an additional 33,990 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Fortive Price Performance

Shares of FTV stock opened at $72.64 on Wednesday. The company has a market capitalization of $25.57 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.12. The firm has a fifty day simple moving average of $74.52 and a 200-day simple moving average of $78.22. The company has a current ratio of 1.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Fortive has a twelve month low of $63.05 and a twelve month high of $87.10.

Fortive (NYSE:FTVGet Free Report) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. Fortive had a net margin of 14.68% and a return on equity of 12.22%. Equities research analysts anticipate that Fortive will post 3.8 earnings per share for the current fiscal year.

Fortive Company Profile

(Get Free Report

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.

Recommended Stories

Analyst Recommendations for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.