Fortive (NYSE:FTV) Updates FY 2025 Earnings Guidance

Fortive (NYSE:FTV) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of 4.000-4.120 for the period, compared to the consensus earnings per share estimate of 4.130. The company issued revenue guidance of $6.2 billion-$6.4 billion, compared to the consensus revenue estimate of $6.5 billion. Fortive also updated its Q1 2025 guidance to 0.830-0.860 EPS.

Fortive Trading Down 0.9 %

Shares of NYSE FTV traded down $0.72 during midday trading on Friday, hitting $79.12. The company’s stock had a trading volume of 4,255,483 shares, compared to its average volume of 2,358,520. The business’s 50 day moving average is $77.66 and its two-hundred day moving average is $75.35. Fortive has a 12-month low of $66.15 and a 12-month high of $87.10. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. The firm has a market cap of $27.45 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Fortive (NYSE:FTV) last released its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, equities research analysts expect that Fortive will post 3.84 EPS for the current year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group initiated coverage on Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price target for the company. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. JPMorgan Chase & Co. cut their price objective on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a 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 report on Thursday, October 31st. Finally, Argus restated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock 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 that occurred on Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the senior vice president now directly owns 48,346 shares in the company, valued at $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.01% of the company’s stock.

About Fortive

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.