Fortive
About: Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $6.1 billion in revenue in 2023.
Employees: 18,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
298% more call options, than puts
Call options by funds: $36.5M | Put options by funds: $9.17M
40% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]
8% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 83
2% more capital invested
Capital invested by funds: $25.1B [Q2] → $25.7B (+$576M) [Q3]
1% more funds holding
Funds holding: 820 [Q2] → 827 (+7) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 285 | Existing positions reduced: 307
2.2% less ownership
Funds ownership: 95.3% [Q2] → 93.1% (-2.2%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$77
3%
upside
Avg. target
$86
15%
upside
High target
$95
28%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target | 21%upside $90 | Buy Maintained | 19 Dec 2024 |
Citigroup Andrew Kaplowitz 61% 1-year accuracy 41 / 67 met price target | 16%upside $86 | Neutral Downgraded | 9 Dec 2024 |
UBS Shannon O'Callaghan 0 / 0 met price target | 13%upside $84 | Neutral Initiated | 13 Nov 2024 |
Wells Fargo Joseph O'Dea 70% 1-year accuracy 19 / 27 met price target | 3%upside $77 | Equal-Weight Maintained | 31 Oct 2024 |
RBC Capital Deane Dray 54% 1-year accuracy 35 / 65 met price target | 3%upside $77 | Sector Perform Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 7 articles about FTV published over the past 30 days
Neutral
Business Wire
5 days ago
Fortive Recommends Rejection by Shareholders of the Mini-Tender Offer by TRC Capital Investment Corporation
EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corporation (“TRC”) for TRC to purchase for cash up to 1,500,000 shares, or approximately 0.44%, of the outstanding common stock of Fortive, at a price of $75.00 per share. TRC's offer price of $75.00 per share represents a 4.93% discount to the closing price per share of Fortive's common stock on December 6, 2024, the last trading day be.
Neutral
GlobeNewsWire
1 week ago
Fluke Survey Reveals How Data is Powering the Future for Solar Energy Innovation and Growth
OEMs, technicians, and installers are optimistic about solar's future, many believe the industry is hindered by gaps in data and understanding smart technology OEMs, technicians, and installers are optimistic about solar's future, many believe the industry is hindered by gaps in data and understanding smart technology
Neutral
GlobeNewsWire
1 week ago
Fluke Survey Reveals How Data is Powering the Future for Solar Energy Innovation and Growth
OEMs, technicians, and installers are optimistic about solar's future, many believe the industry is hindered by gaps in data and understanding smart technology OEMs, technicians, and installers are optimistic about solar's future, many believe the industry is hindered by gaps in data and understanding smart technology
Neutral
GlobeNewsWire
1 week ago
Fluke Networks Adds Advanced Wi-Fi 6E Troubleshooting Capabilities to LinkIQ
New LinkIQ Duo combines cable, Wi-Fi, and network testing in one easy-to-use solution New LinkIQ Duo combines cable, Wi-Fi, and network testing in one easy-to-use solution
Positive
Zacks Investment Research
1 week ago
3 Electronics Testing Stocks to Watch From a Prospering Industry
The Zacks Electronics - Testing Equipment industry players, such as FTV, AME, and ITRI, are poised to benefit from the solid demand for testing instruments and 5G prospects.
Neutral
GlobeNewsWire
2 weeks ago
Fluke Survey Reveals 79% of Manufacturers Will Leverage AI to Tackle High-Skilled Labour Shortage
Implementation of AI set to augment and democratize high-skilled work amid persistent skills shortage Implementation of AI set to augment and democratize high-skilled work amid persistent skills shortage
Positive
Zacks Investment Research
3 weeks ago
Why Is Fortive (FTV) Up 11.2% Since Last Earnings Report?
Fortive (FTV) reported earnings 30 days ago. What's next for the stock?
Neutral
Business Wire
1 month ago
Fortive to Present at the Baird Global Industrial Conference
EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation ("Fortive") (NYSE: FTV) today announced that President and Chief Executive Officer, James A. Lico, will be presenting at the Baird 2024 Global Industrial Conference on Wednesday, November 13th, 2024 at 3:55 p.m. ET (12:55 p.m. PT). The audio will be simultaneously webcast and will be archived on www.fortive.com. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-mark.
Neutral
Business Wire
1 month ago
Fortive Declares Regular Quarterly Dividend on its Common Stock
EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of its common stock, par value $0.01 per share, payable on December 27, 2024 to common stockholders of record on November 29, 2024. Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration of dividends, including the amount, the record dates and the payment dates for any such futur.
Positive
Zacks Investment Research
1 month ago
Fortive Q3 Earnings Beat Estimates, Revenues Up Y/Y, Outlook Raised
Continued momentum across IOS and AHS segments and robust orders growth aid FTV's third-quarter performance.
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