Key Points
- Fortive director Kate Mitchell sold 7,131 shares on Feb. 18 at an average price of $58.34 for a total of $416,022.54, trimming her stake by 18.33% to 31,775 shares (≈$1.85M).
- Fortive beat Q4 expectations with EPS $0.90 vs. $0.83 estimated and revenue of $1.12B vs. $1.09B, and set FY2026 guidance of 2.90–3.00 EPS.
- Wall Street consensus is a Hold with an average price target of $60.85; the stock has a P/E of ~33.6 and market cap of about $18.5B.
Fortive Corporation (NYSE:FTV - Get Free Report) Director Kate Mitchell sold 7,131 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the sale, the director owned 31,775 shares of the company's stock, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fortive Stock Performance
FTV traded up $0.27 during midday trading on Friday, reaching $58.13. The company's stock had a trading volume of 765,416 shares, compared to its average volume of 4,353,606. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $55.70 and a 200 day simple moving average of $51.81. The stock has a market cap of $18.46 billion, a P/E ratio of 33.63, a PEG ratio of 3.14 and a beta of 1.12. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $81.86.
Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.Fortive's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Research analysts expect that Fortive Corporation will post 4.05 earnings per share for the current year.
Wall Street Analysts Forecast Growth
FTV has been the subject of a number of research analyst reports. Zacks Research raised shares of Fortive from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Fortive in a report on Monday, December 29th. Mizuho reissued an "underperform" rating and set a $51.00 price objective (down previously from $54.00) on shares of Fortive in a report on Monday, January 5th. Royal Bank Of Canada upped their target price on Fortive from $56.00 to $65.00 and gave the company a "sector perform" rating in a research note on Thursday, February 5th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $58.00 target price (up from $55.00) on shares of Fortive in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.85.
Read Our Latest Stock Report on Fortive
Institutional Trading of Fortive
A number of large investors have recently bought and sold shares of FTV. True Wealth Design LLC raised its stake in Fortive by 815.4% during the second quarter. True Wealth Design LLC now owns 476 shares of the technology company's stock worth $25,000 after acquiring an additional 424 shares in the last quarter. DV Equities LLC bought a new stake in shares of Fortive in the 4th quarter worth about $25,000. Quent Capital LLC acquired a new stake in shares of Fortive during the 3rd quarter worth about $28,000. Root Financial Partners LLC lifted its holdings in Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company's stock valued at $31,000 after purchasing an additional 168 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Fortive by 46.7% in the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company's stock valued at $36,000 after buying an additional 236 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.
About Fortive
(
Get Free Report)
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.
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