Fortive Corporation (FTV) To Go Ex-Dividend on June 22nd

Fortive Corporation (NYSE:FTV) announced a quarterly dividend on Tuesday, June 9th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.06 per share by the technology company on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd.

Fortive has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortive has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fortive to earn $3.18 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 7.5%.

Fortive Stock Performance

Shares of Fortive stock opened at $60.05 on Thursday. The company has a 50 day moving average of $59.65 and a 200-day moving average of $56.98. Fortive has a 1-year low of $46.34 and a 1-year high of $73.13. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. The company has a market cap of $18.31 billion, a PE ratio of 35.96 and a beta of 1.06.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, equities research analysts forecast that Fortive will post 2.97 earnings per share for the current fiscal year.

Fortive declared that its board has initiated a share buyback program on Monday, May 4th that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Fortive

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.