Royal Bank Of Canada Increases Fortive (NYSE:FTV) Price Target to $63.00

Fortive (NYSE:FTV) had its price objective upped by stock analysts at Royal Bank Of Canada from $59.00 to $63.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 7.32% from the company’s previous close.

A number of other brokerages have also commented on FTV. Citigroup reaffirmed a “neutral” rating on shares of Fortive in a report on Friday. Morgan Stanley upped their price objective on Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Mizuho reaffirmed an “underperform” rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Wells Fargo & Company decreased their price objective on Fortive from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.83.

Fortive Stock Performance

Shares of FTV stock traded down $1.09 during trading on Friday, reaching $58.70. 1,335,109 shares of the company’s stock were exchanged, compared to its average volume of 3,688,514. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $18.07 billion, a PE ratio of 34.01, a PEG ratio of 3.34 and a beta of 1.09. Fortive has a twelve month low of $46.34 and a twelve month high of $74.67. The firm’s fifty day moving average price is $57.70 and its 200-day moving average price is $55.06.

Fortive (NYSE:FTV) last posted its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.04 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, sell-side analysts anticipate that Fortive will post 2.94 EPS for the current year.

Insider Buying and Selling at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares in the company, valued at approximately $1,853,753.50. This represents a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

Institutional Trading of Fortive

Several institutional investors and hedge funds have recently modified their holdings of FTV. HighTower Advisors LLC raised its position in shares of Fortive by 208.8% during the third quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company’s stock worth $1,614,000 after acquiring an additional 22,271 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Fortive by 96.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 73,423 shares of the technology company’s stock worth $3,597,000 after acquiring an additional 36,037 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Fortive during the third quarter worth about $2,834,000. J. Safra Sarasin Holding AG bought a new position in shares of Fortive during the third quarter worth about $1,333,000. Finally, Pacific Capital Partners Ltd bought a new position in shares of Fortive during the fourth quarter worth about $1,794,000. 94.94% of the stock is currently owned by institutional investors.

Key Fortive News

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Q1 beats — Fortive delivered adjusted EPS and revenue above Street expectations, reported ~5% core revenue growth, ~13% adjusted EBITDA growth and ~25% adjusted EPS growth, signaling solid demand and margin leverage. Fortive Reports First Quarter 2026 Results
• Positive Sentiment: Analyst/market reaction to the beat — coverage (Zacks, Yahoo) emphasized that strong demand and execution of Fortive’s strategy drove the upside, supporting upside to organic growth and margin trajectory. Fortive Q1 Earnings & Sales Beat Estimates, Up Y/Y, Stock Rises
• Neutral Sentiment: Management detail — the earnings call and slides provide more color on end-market demand, execution of cost/portfolio actions and where growth is coming from across segments; useful for investors parsing durability of the beat. Fortive Corporation (FTV) Q1 2026 Earnings Call Transcript
• Negative Sentiment: FY‑2026 guidance slightly conservative — Fortive set EPS guidance of $2.90–$3.00, with the midpoint just under consensus (~$2.96); that tempered enthusiasm after the beat and is likely a driver of near‑term selling. Fortive Reports First Quarter 2026 Results
• Negative Sentiment: Valuation and financials — the stock trades at a rich multiple (PE ~34, PEG ~3.3) and liquidity/working capital metrics (current ratio/quick ratio below 1) could amplify profit‑taking after an earnings rally. Fortive Earnings / Press Release

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.