Fortive (NYSE:FTV) Upgraded at TD Cowen

TD Cowen upgraded shares of Fortive (NYSE:FTVFree Report) from a hold rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat.com reports. TD Cowen currently has $90.00 price objective on the technology company’s stock, up from their previous price objective of $75.00.

Several other brokerages have also recently issued reports on FTV. JPMorgan Chase & Co. cut shares of Fortive from an overweight rating to a neutral rating and dropped their target price for the stock from $95.00 to $90.00 in a report on Wednesday, April 17th. StockNews.com upgraded Fortive from a hold rating to a buy rating in a research report on Monday, May 13th. 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. Citigroup reduced their target price on shares of Fortive from $101.00 to $98.00 and set a buy rating for the company in a report on Thursday, April 25th. Finally, Barclays upped their price target on shares of Fortive from $89.00 to $97.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $86.38.

Get Our Latest Analysis on FTV

Fortive Trading Up 1.4 %

NYSE FTV opened at $73.66 on Monday. The stock has a market cap of $25.93 billion, a PE ratio of 29.11, a PEG ratio of 2.16 and a beta of 1.12. Fortive has a 12 month low of $63.05 and a 12 month high of $87.10. The company’s 50-day moving average price is $74.49 and its 200-day moving average price is $78.18. 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 (NYSE:FTVGet Free Report) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. Fortive had a net margin of 14.68% and a return on equity of 12.22%. Equities research analysts forecast that Fortive will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Indiana Trust & Investment Management CO acquired a new position in shares of Fortive during the 1st quarter worth approximately $26,000. Cetera Trust Company N.A acquired a new position in shares of Fortive during the 4th quarter worth approximately $28,000. Advisors Asset Management Inc. acquired a new position in shares of Fortive during the 1st quarter worth approximately $32,000. Spire Wealth Management raised its stake in shares of Fortive by 69.3% during the 4th quarter. Spire Wealth Management now owns 508 shares of the technology company’s stock worth $37,000 after buying an additional 208 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of Fortive during the 4th quarter worth approximately $38,000. 94.94% of the stock is owned by institutional investors and hedge funds.

About Fortive

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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.

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