Fortive (NYSE:FTV) Releases Earnings Results, Beats Estimates By $0.05 EPS

Fortive (NYSE:FTV) issued its quarterly earnings data on Friday. The technology company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05, Zacks reports. Fortive had a net margin of 14.35% and a return on equity of 12.56%. During the same period in the previous year, the business earned $0.98 earnings per share. Fortive updated its Q1 2025 guidance to 0.830-0.860 EPS and its FY 2025 guidance to 4.000-4.120 EPS.

Fortive Price Performance

Shares of FTV traded down $0.97 during mid-day trading on Friday, hitting $78.87. 2,607,103 shares of the company traded hands, compared to its average volume of 2,290,040. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $77.66 and a 200 day moving average of $75.35. Fortive has a one year low of $66.15 and a one year high of $87.10. The stock has a market capitalization of $27.36 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.18 and a beta of 1.15.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. Fortive’s payout ratio is 12.75%.

Analyst Ratings Changes

Several research analysts have commented on FTV shares. Citigroup downgraded Fortive from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Royal Bank of Canada decreased their target price on Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. UBS Group started coverage on Fortive in a research note on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price target on the stock. Truist Financial raised their target price on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.45.

Insiders Place Their Bets

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the transaction, the senior vice president now directly owns 48,346 shares in the company, valued at approximately $3,702,336.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.01% of the company’s stock.

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.