Fortive (FTV) Projected to Post Quarterly Earnings on Friday

Fortive (NYSE:FTV) will likely be posting its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Fortive to post earnings of $1.12 per share and revenue of $1.63 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Fortive Stock Performance

FTV stock opened at $80.08 on Wednesday. The company has a 50-day simple moving average of $77.63 and a 200 day simple moving average of $75.26. The company has a market capitalization of $27.78 billion, a P/E ratio of 31.90, a PEG ratio of 2.18 and a beta of 1.15. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. Fortive has a fifty-two week low of $66.15 and a fifty-two week high of $87.10.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio is currently 12.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on FTV shares. Argus reissued a “hold” rating on shares of Fortive in a report on Monday, November 18th. JPMorgan Chase & Co. dropped their price objective on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada decreased their target price on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of Fortive from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Finally, UBS Group began coverage on shares of Fortive in a research report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective for the company. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and an average target price of $86.45.

Insiders Place Their Bets

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

Fortive Company Profile

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.