Fortive (NYSE:FTV) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Fortive (NYSE:FTV) announced its quarterly earnings data on Friday. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05, Zacks reports. Fortive had a net margin of 14.35% and a return on equity of 12.56%. During the same period in the previous year, the firm earned $0.98 earnings per share. Fortive updated its Q1 2025 guidance to 0.830-0.860 EPS and its FY 2025 guidance to 4.000-4.120 EPS.

Fortive Stock Down 0.7 %

NYSE:FTV traded down $0.56 during mid-day trading on Friday, reaching $79.28. The stock had a trading volume of 2,475,642 shares, compared to its average volume of 2,285,502. Fortive has a 1-year low of $66.15 and a 1-year high of $87.10. The stock’s 50 day simple moving average is $77.66 and its two-hundred day simple moving average is $75.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Fortive Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FTV. JPMorgan Chase & Co. lowered their price objective on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada dropped their target price on Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Barclays lowered their price target on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $92.00 to $86.00 in a report on Monday, December 9th. Finally, Argus reaffirmed a “hold” rating on shares of Fortive in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.45.

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the transaction, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.