Stock Price Analysis of Fortive Corporation (FTV)


Sell-side analyst recommendations point to a short term price target of $37.7 on the company shares.

Several other large investors have also bought and sold shares of FTV. Eight analysts have provided estimates for Fortive Corporation's earnings. ZWJ Investment Counsel Inc. boosted its stake in Fortive Corporation by 146.4% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in Fortive Corporation by 20.0% in the 1st quarter. FMR has an ownership of 21,506,167 stocks of the technology firms shares valued $1,295,101,000 following acquiring an extra 574,042 stocks in the previous period.

In other Fortive Corporation news, CFO Charles E. Mclaughlin sold 6,565 shares of Fortive Corporation stock in a transaction that occurred on Monday, August 14th. Arthur M. Cohen & Associates LLC bought a new stake in Fortive Corporation during the fourth quarter valued at $7,106,000. First Personal Financial Services now owns 2,372 shares of the technology company's stock worth $142,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 76.91% of the company's stock.

A number of brokerages have issued reports on FTV.

Analysts on average have given a price target of $66.33 to Fortive Corporation (FTV) stock. Credit Suisse Group upgraded shares of Fortive Corporation from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $54.00 to $60.00 in a research report on Friday, January 13th. Hikari Tsushin, Inc. now holds 51,117 shares worth $3,238,000. Morgan Stanley reissued an "equal weight" rating on shares of Fortive Corporation in a report on Tuesday, July 11th. The consensus rating is 2.9, suggesting the market has given up on the stock.

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Shares of Fortive Corporation (NYSE FTV) opened at 65.10 on Tuesday. The firm has a market cap of $23.44 billion, a P/E ratio of 26.59 and a beta of 0.27. The stock's last price was higher from the average trading price of 50 days recorded at $44.58 while enlarging the period to 200 trading days, the average price was $41.66. If the published price targets set by Fortive Corporation analysts have any power to influence the stock's share price, the highest price target set for FTV is $71. Over the past five trading sessions it is 3.72%; 3.04% for the month; 8.1% for the last quarter; 14.89% for the past six-months; and 33.57% for the last 12 months. The consensus analyst target price is $66.33. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. As of the latest earnings report the EPS was $2.54 and is estimated to be $2.79 for the current year with 347,101,000 shares now outstanding.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Company's sales went up 4.7% compared with the same period in the prior year. for the same period in the prior year, firm posted $0.64 Earnings Per Share. financial stock experts guide that Fortive Corporation to post $2.79 EPS for the present financial year. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.67 by $0.01. The ex-dividend date is set for Wednesday the 22nd of February 2017. Fortive Corporation's dividend payout ratio (DPR) is 11.02%. The information was declared in a transaction filed with the SEC which is available through this hyperlink.



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