Brokers Set Expectations for Fortive Co.’s Q1 2025 Earnings (NYSE:FTV)

Fortive Co. (NYSE:FTVFree Report) – Investment analysts at Seaport Res Ptn lifted their Q1 2025 EPS estimates for shares of Fortive in a note issued to investors on Thursday, February 1st. Seaport Res Ptn analyst S. Graham now anticipates that the technology company will earn $0.89 per share for the quarter, up from their prior estimate of $0.87. The consensus estimate for Fortive’s current full-year earnings is $3.78 per share.

A number of other brokerages have also issued reports on FTV. Mizuho increased their target price on shares of Fortive from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Wells Fargo & Company increased their price target on shares of Fortive from $79.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Royal Bank of Canada increased their price target on shares of Fortive from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. Barclays reduced their price target on shares of Fortive from $83.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Finally, Bank of America lowered shares of Fortive from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.92.

View Our Latest Analysis on FTV

Fortive Stock Performance

Shares of NYSE:FTV opened at $81.55 on Monday. The company’s 50 day moving average price is $72.84 and its two-hundred day moving average price is $73.27. Fortive has a 12-month low of $62.70 and a 12-month high of $83.46. The firm has a market cap of $28.66 billion, a PE ratio of 33.42, a PEG ratio of 2.61 and a beta of 1.13. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.30.

Fortive (NYSE:FTVGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Fortive had a net margin of 14.27% and a return on equity of 12.12%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business earned $0.88 EPS. Fortive’s quarterly revenue was up 3.5% on a year-over-year basis.

Institutional Investors Weigh In On Fortive

Large investors have recently bought and sold shares of the stock. OFI Invest Asset Management acquired a new stake in Fortive in the third quarter worth $25,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Fortive during the second quarter valued at about $26,000. Capital Advisors Ltd. LLC grew its holdings in shares of Fortive by 1,590.9% during the second quarter. Capital Advisors Ltd. LLC now owns 372 shares of the technology company’s stock valued at $28,000 after buying an additional 350 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of Fortive during the third quarter valued at about $28,000. Finally, Cetera Trust Company N.A acquired a new position in shares of Fortive during the fourth quarter valued at about $28,000. 95.95% of the stock is currently owned by institutional investors and hedge funds.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, February 22nd. Fortive’s payout ratio is 13.11%.

About Fortive

(Get Free Report)

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Intelligent Operating Solutions segment provides advanced instrumentation, software and services, which includes electrical test and measurement, facility and asset lifecycle software applications, and worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.

See Also

Earnings History and Estimates for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.