Fortive’s (FTV) “Hold” Rating Reiterated at Truist Financial

Fortive (NYSE:FTV)‘s stock had its “hold” rating reiterated by equities researchers at Truist Financial in a research report issued on Thursday,Benzinga reports. They presently have a $68.00 target price on the technology company’s stock, up from their prior target price of $67.00. Truist Financial’s price target suggests a potential upside of 16.67% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Fortive in a research note on Friday, May 22nd. Royal Bank Of Canada raised their target price on shares of Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Citigroup boosted their target price on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Zacks Research lowered shares of Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Morgan Stanley increased their price target on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.10.

Fortive Stock Down 2.1%

FTV stock traded down $1.26 during mid-day trading on Thursday, hitting $58.28. 1,136,251 shares of the company were exchanged, compared to its average volume of 3,411,005. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. The firm has a market cap of $17.62 billion, a P/E ratio of 34.79 and a beta of 1.06. The firm’s 50 day simple moving average is $61.02 and its 200 day simple moving average is $58.69. Fortive has a 1-year low of $46.34 and a 1-year high of $64.56.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, sell-side analysts predict that Fortive will post 2.98 EPS for the current fiscal year.

Fortive announced that its board has authorized a stock buyback program on Monday, May 4th that permits the company to buyback 20,000,000 shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total value of $2,891,941.17. Following the completion of the sale, the senior vice president directly owned 87,780 shares in the company, valued at $5,337,901.80. The trade was a 35.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fortive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTV. Norges Bank bought a new stake in shares of Fortive during the 4th quarter worth approximately $491,928,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fortive by 102,687.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,487,060 shares of the technology company’s stock worth $413,361,000 after acquiring an additional 7,479,776 shares during the last quarter. Viking Global Investors LP boosted its stake in shares of Fortive by 28.7% in the 3rd quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock valued at $1,003,495,000 after purchasing an additional 4,571,056 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Fortive by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company’s stock valued at $1,106,760,000 after purchasing an additional 4,532,031 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Fortive by 205.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,719,200 shares of the technology company’s stock valued at $182,204,000 after purchasing an additional 2,502,300 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Key Fortive News

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Fortive reported Q2 adjusted EPS of $0.74, exceeding the $0.71 consensus estimate, while revenue rose 8% year over year to $1.10 billion, ahead of expectations for approximately $1.07 billion. Fortive Q2 earnings report
• Positive Sentiment: Underlying performance improved: core revenue growth accelerated to 6.7%, adjusted EBITDA increased 12%, and adjusted EPS growth reached 28% on an adjusted basis. Strong demand in the industrial automation business helped drive the results. Reuters Fortive profit outlook article
• Positive Sentiment: Management raised its fiscal 2026 adjusted EPS outlook to $2.95-$3.05, with the midpoint slightly above the roughly $2.99 analyst consensus. The higher forecast reflects confidence in continued core growth and operating execution. Zacks Fortive earnings and guidance article
• Positive Sentiment: Fortive continued its share-repurchase program, completing an additional approximately $20 million of buybacks. Repurchases could provide support for per-share results and signal disciplined capital allocation. Fortive second-quarter results
• Neutral Sentiment: Despite the operating beat, Fortive trades at approximately 35.6 times earnings, meaning investors appear to be paying a premium for the company’s improved growth and automation exposure. The valuation leaves less room for disappointment. Fortive valuation analysis
• Negative Sentiment: Reported EPS declined from $0.90 in the year-ago quarter to $0.74, even though revenue increased. This could concern investors if the earnings comparison suggests pressure from costs, mix or other items despite stronger adjusted metrics. Fortive key earnings metrics

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin‑off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin‑off of Vontier, concentrating Fortive’s activities on higher‑margin instrumentation, software and services.

Fortive’s operations center on professional test and measurement, sensing and monitoring, software‑enabled solutions, and lifecycle services that support industrial and commercial customers.