Fortive (NYSE:FTV) Issues Earnings Results

Fortive (NYSE:FTV) released its quarterly earnings results on Friday. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $0.98 EPS. Fortive updated its Q1 2025 guidance to 0.830-0.860 EPS and its FY 2025 guidance to 4.000-4.120 EPS.

Fortive Trading Down 0.9 %

NYSE:FTV opened at $79.12 on Friday. The business’s 50-day moving average is $77.65 and its two-hundred day moving average is $75.37. The firm has a market capitalization of $27.45 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15. Fortive has a 12 month low of $66.15 and a 12 month high of $87.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive’s dividend payout ratio (DPR) is 12.75%.

Insider Activity

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the senior vice president now owns 48,346 shares in the company, valued at $3,702,336.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

FTV has been the subject of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Fortive from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Barclays lowered their price objective on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup cut Fortive from a “buy” rating to a “neutral” rating and lowered their price target for the company from $92.00 to $86.00 in a report on Monday, December 9th. Finally, Argus reiterated a “hold” rating on shares of Fortive in a report on Monday, November 18th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.45.

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.