Media headlines about Fortive Corporation (NYSE:FTV) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fortive Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9523920414898 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Steel Dynamics Target of Unusually High Options Trading (NASDAQ:STLD) (techdeezer.com)
- Active Stock in the Spotlight: Steel Dynamics Inc (NASDAQ:STLD) (cote-ivoire.com)
- The Hain Celestial Group (HAIN) to Repurchase $250.00 million in Outstanding Stock (healthcaremenu.net)
- Initiating Research Reports on Scientific & Technical Instruments Equities — Fitbit, Cognex, Trimble, and Fortive (tmcnet.com)
- ETFs with exposure to Fortive Corp. : July 14, 2017 (finance.yahoo.com)
FTV has been the topic of a number of research analyst reports. J P Morgan Chase & Co raised Fortive Corporation from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $56.00 to $66.00 in a research note on Friday, March 24th. SunTrust Banks, Inc. raised Fortive Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Wednesday, March 29th. Royal Bank Of Canada initiated coverage on Fortive Corporation in a research note on Thursday, March 23rd. They issued a “sector perform” rating and a $63.00 price target on the stock. Cowen and Company raised their price target on Fortive Corporation from $46.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 19th. Finally, Zacks Investment Research raised Fortive Corporation from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday, April 12th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $59.92.
Shares of Fortive Corporation (NYSE:FTV) traded down 0.65% during midday trading on Monday, hitting $64.14. The company had a trading volume of 1,388,222 shares. The company’s 50 day moving average is $63.14 and its 200 day moving average is $59.09. The firm has a market cap of $22.23 billion and a price-to-earnings ratio of 25.16. Fortive Corporation has a one year low of $46.81 and a one year high of $65.21. Fortive Corporation also saw unusually large options trading on Friday. Stock traders purchased 4,035 put options on the stock. This represents an increase of approximately 956% compared to the average daily volume of 382 put options.
Fortive Corporation (NYSE:FTV) last released its quarterly earnings results on Thursday, April 27th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Fortive Corporation had a return on equity of 34.24% and a net margin of 14.16%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Equities analysts forecast that Fortive Corporation will post $2.75 earnings per share for the current fiscal year.
In other news, VP Emily A. Weaver sold 3,749 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $62.27, for a total transaction of $233,450.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raj Ratnakar sold 11,642 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $62.31, for a total value of $725,413.02. Following the sale, the vice president now owns 5,020 shares of the company’s stock, valued at approximately $312,796.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,385 shares of company stock valued at $9,187,369.
Fortive Corporation Company Profile
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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