FY2024 EPS Estimates for Fortive Boosted by Seaport Res Ptn

Fortive Co. (NYSE:FTV) – Analysts at Seaport Res Ptn lifted their FY2024 earnings per share estimates for shares of Fortive in a research note issued to investors on Wednesday, October 30th. Seaport Res Ptn analyst S. Graham now anticipates that the technology company will earn $3.85 per share for the year, up from their prior estimate of $3.80. The consensus estimate for Fortive’s current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Fortive’s Q1 2026 earnings at $1.02 EPS, Q2 2026 earnings at $1.13 EPS, Q3 2026 earnings at $1.13 EPS and FY2026 earnings at $4.56 EPS.

Fortive (NYSE:FTV) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business posted $0.85 EPS. Fortive’s quarterly revenue was up 2.7% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on FTV. Morgan Stanley started coverage on Fortive in a report on Friday, September 6th. They issued an “overweight” rating and a $89.00 price objective for the company. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Royal Bank of Canada decreased their target price on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research report on Thursday. Barclays decreased their target price on Fortive from $98.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. raised Fortive from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $90.00 to $92.00 in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Fortive currently has an average rating of “Moderate Buy” and a consensus price target of $88.30.

Fortive Trading Down 0.9 %

NYSE FTV opened at $71.44 on Friday. Fortive has a fifty-two week low of $64.44 and a fifty-two week high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a 50 day simple moving average of $75.31 and a two-hundred day simple moving average of $74.55. The stock has a market cap of $25.03 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12.

Institutional Investors Weigh In On Fortive

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB raised its stake in Fortive by 70.1% during the 1st quarter. Nordea Investment Management AB now owns 896,550 shares of the technology company’s stock valued at $77,058,000 after purchasing an additional 369,351 shares during the period. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 188,415 shares in the last quarter. Raymond James & Associates raised its position in shares of Fortive by 15.0% during the third quarter. Raymond James & Associates now owns 395,488 shares of the technology company’s stock valued at $31,216,000 after buying an additional 51,690 shares during the last quarter. Atomi Financial Group Inc. boosted its position in shares of Fortive by 4.8% during the third quarter. Atomi Financial Group Inc. now owns 4,932 shares of the technology company’s stock worth $389,000 after acquiring an additional 226 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Fortive by 599.3% during the first quarter. Cetera Investment Advisers now owns 52,546 shares of the technology company’s stock worth $4,520,000 after acquiring an additional 45,032 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.03, for a total value of $508,141.92. Following the transaction, the chief financial officer now owns 73,391 shares of the company’s stock, valued at approximately $5,433,135.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Jonathan L. Schwarz sold 14,223 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.80, for a total value of $1,049,657.40. Following the completion of the sale, the senior vice president now directly owns 68,161 shares of the company’s stock, valued at approximately $5,030,281.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Charles E. Mclaughlin sold 6,864 shares of Fortive stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.03, for a total transaction of $508,141.92. Following the transaction, the chief financial officer now directly owns 73,391 shares in the company, valued at $5,433,135.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, September 13th. Fortive’s dividend payout ratio is 12.75%.

About Fortive

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.