According to Zacks, “Fortive Corporation is an industrial growth company. Its segment comprised of Professional Instrumentation and Industrial Technologies. Professional Instrumentation segment consists of instrumentation and solutions, sensing technologies businesses. Industrial Technologies segment consists of transportation technologies, automation and specialty components and franchise distribution businesses. Fortive Corporation is based in WA, United States. “
Other analysts also recently issued reports about the stock. Credit Suisse Group AG reaffirmed a buy rating on shares of Fortive Corp in a research report on Saturday, July 9th. Bank of America Corp. initiated coverage on shares of Fortive Corp in a research report on Tuesday, July 26th. They issued a buy rating and a $55.00 target price on the stock. Barclays PLC reaffirmed a buy rating on shares of Fortive Corp in a research report on Thursday, August 4th. Stifel Nicolaus initiated coverage on shares of Fortive Corp in a research report on Thursday, July 14th. They issued a hold rating on the stock. Finally, Argus initiated coverage on shares of Fortive Corp in a research report on Thursday, September 8th. They issued a hold rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Fortive Corp has a consensus rating of Hold and a consensus target price of $52.60.
Fortive Corp (NYSE:FTV) opened at 49.93 on Wednesday. The company has a market capitalization of $17.25 billion and a price-to-earnings ratio of 20.19. Fortive Corp has a 52-week low of $46.29 and a 52-week high of $54.34. The company’s 50 day moving average is $51.39 and its 200-day moving average is $50.88.
Fortive Corp (NYSE:FTV) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The company earned $1.56 million during the quarter, compared to the consensus estimate of $1.56 million. During the same quarter last year, the company posted $0.66 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts anticipate that Fortive Corp will post $2.43 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Friday, September 30th. Investors of record on Friday, August 26th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, August 24th.
About Fortive Corp
Fortive Corporation (Fortive) is an industrial growth company, which operates businesses that design, develop, manufacture, service and market professional and engineered products, software and services for a range of end markets. The Company has two segments: Professional Instrumentation and Industrial Technologies.
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