Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, FLUKE NETWORKS, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, and PRUFTECHNIK brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
IPO Year: 2016
Exchange: NYSE
Website: fortive.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | $92.00 → $86.00 | Buy → Neutral | Citigroup |
| 11/18/2024 | Buy → Hold | Argus | |
| 11/13/2024 | $84.00 | Neutral | UBS |
| 10/10/2024 | $90.00 → $92.00 | Neutral → Overweight | JP Morgan |
| 9/6/2024 | $80.00 → $90.00 | Neutral → Outperform | Mizuho |
| 9/6/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/6/2024 | $89.00 | Overweight | Morgan Stanley |
| 9/5/2024 | Mkt Perform → Outperform | Raymond James | |
| 7/8/2024 | $75.00 → $90.00 | Hold → Buy | TD Cowen |
| 4/17/2024 | $95.00 → $90.00 | Overweight → Neutral | JP Morgan |
Everett, Washington, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Summary: Over 68% of those surveyed acknowledge the EV industry is falling behind on the adoption curve, highlighting sector-wide challenges.40% of respondents predict that widespread charger availability will lag behind demand for up to seven years or longer. 44% cite inoperable chargers, and 40% highlight software incompatibility as major hurdles to EV charging infrastructure. 32% of respondents cite predictive maintenance, and 31% highlight artificial intelligence as key to a successful EV charging strategy. A new Fluke survey released today reveals that while 68% of respondents feel the EV industry is behind the adoption
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that James A. Lico, President and Chief Executive Officer, and Olumide Soroye, President and Chief Executive Officer of Intelligent Operating Solutions and Advanced Healthcare Solutions, will be presenting at the Barclays Industrial Select Conference on Wednesday, February 19th, 2025 at 10:25 a.m. ET (7:25 a.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-markets. Fortive's strategic segments - Intelligent Operating Solutions, Precision Technologies, and Advance
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that James A. Lico, President and Chief Executive Officer, and Tami Newcombe, President and Chief Executive Officer of Precision Technologies (PT), will be presenting at the Citi Global Industrial Tech and Mobility Conference on Tuesday, February 18th, 2025 at 8:50 a.m. ET (5:50 a.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-markets. Fortive's strategic segments - Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions - inc
Delivered robust margin expansion and record cash flow in 2024 Strong execution and FBS-driven innovation enabled better-than-expected Q4 operating performance, including record margins and cash flow Q4 GAAP diluted EPS of $0.60, adjusted diluted EPS of $1.17, up 19% year-over-year Q4 reported operating cash flow of $502 million and free cash flow of $465 million, up 13% year-over-year Introducing 2025 outlook; GAAP diluted EPS of $2.38 to $2.50, year-over-year increase of 1% to 6%; adjusted diluted EPS of $4.00 to $4.12, year-over-year increase of 3% to 6% Separation of PT segment progressing well, expect to close early Q3'25 Fortive Corporation ("Fortive") (NYSE:FTV) to
Ganesh Moorthy is Expected to Join Ralliant's Board as its Independent Chair at the Time of the Separation Alan G. Spoon and Kate D. Mitchell are Expected to Join the Ralliant Board of Directors at the Time of the Separation Fortive Corporation ("Fortive") (NYSE:FTV) today announced that its Precision Technologies segment expected to be separated as a new independent, public company has been named Ralliant Corporation ("Ralliant"). Ralliant is trusted for precision technologies that advance next generation innovation and safeguard mission-critical applications through leading brands in test and measurement, specialty sensors, and aero, defense, and space subsystems. In addition, Fortive
Alan G. Spoon to Retire from Board June 2025 Shar Dubey Appointed as Chair of the Board Fortive Corporation ("Fortive") (NYSE:FTV) today announced that its Board of Directors has appointed Sharmistha "Shar" Dubey as the Chair of the Board. Ms. Dubey succeeds Alan G. Spoon who has notified the Board that he will retire from the Board and not stand for reelection at the upcoming Annual General Meeting in June 2025. "It has been a privilege to serve as Chair of Fortive's Board of Directors since its spin-off from Danaher over eight years ago," said Mr. Spoon. "As we progress towards the completion of the previously announced separation of the Precision Technologies segment, this is the r
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 March 28, 2025 to common stockholders of record on February 28, 2025. 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 future dividend payments, is subject to the discretion of the Board of Directors. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive's strategic
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that it will webcast its earnings conference call for the fourth quarter 2024 on Friday, February 7, 2025 beginning at 12:00 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive's website, www.fortive.com, under "Events/Presentations." A replay of the webcast will be available at the same location shortly after the conclusion of the presentation. You can access the conference call by dialing 877-407-3110 within the U.S. or 215-268-9915 outside the U.S. a few minutes before 12:00 p.m. ET and notifying the operator that you are dialing in fo
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 before the commencement of TRC's unsolicited mini-tender offer. Fortive recommends that shareholders reject TRC's unsolicited offer because, among other reasons, the offer price is below the current market price for shares of Fortive
Everett, Washington, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Summary: 63% predict that solar will lead their country's energy transition.91% are concerned about solar panel efficiency, and 39% cite inverter failures as a common issue.Nearly a third use reactive maintenance, while over half prioritize adopting predictive maintenance.59% stressed the need to train technicians in advanced diagnostic tools to address evolving challenges.45% view AI integration in solar panel design, optimization, and maintenance as a key opportunity. EVERETT, Wash., December 12, 2024 – Fluke Corporation, a leading provider of safe, rugged, and reliable industrial tools and integrated software, has released
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Delivered robust margin expansion and record cash flow in 2024 Strong execution and FBS-driven innovation enabled better-than-expected Q4 operating performance, including record margins and cash flow Q4 GAAP diluted EPS of $0.60, adjusted diluted EPS of $1.17, up 19% year-over-year Q4 reported operating cash flow of $502 million and free cash flow of $465 million, up 13% year-over-year Introducing 2025 outlook; GAAP diluted EPS of $2.38 to $2.50, year-over-year increase of 1% to 6%; adjusted diluted EPS of $4.00 to $4.12, year-over-year increase of 3% to 6% Separation of PT segment progressing well, expect to close early Q3'25 Fortive Corporation ("Fortive") (NYSE:FTV) to
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 March 28, 2025 to common stockholders of record on February 28, 2025. 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 future dividend payments, is subject to the discretion of the Board of Directors. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive's strategic
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that it will webcast its earnings conference call for the fourth quarter 2024 on Friday, February 7, 2025 beginning at 12:00 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive's website, www.fortive.com, under "Events/Presentations." A replay of the webcast will be available at the same location shortly after the conclusion of the presentation. You can access the conference call by dialing 877-407-3110 within the U.S. or 215-268-9915 outside the U.S. a few minutes before 12:00 p.m. ET and notifying the operator that you are dialing in fo
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 future dividend payments, is subject to the discretion of the Board of Directors. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive's strategi
Strong earnings and cash flow performance, above the high-end of Q3 guidance Delivered consistent revenue growth of 3% year-over-year to $1.54 billion Operating profit margin was 19%, with adjusted operating profit margin of 27%, up 90 bps year-over-year GAAP diluted EPS of $0.63, adjusted diluted EPS of $0.97, up 14% year-over-year; reported operating cash flow of $459 million and free cash flow of $431 million, up 12% year-over-year Strong full-year 2024 outlook; GAAP diluted EPS of $2.47 to $2.50, year-over-year increase of 2% to 3%; adjusted diluted EPS of $3.84 to $3.87, year-over-year increase of 12% to 13% Fortive Corporation ("Fortive") (NYSE:FTV) today announced financia
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that it will webcast its earnings conference call for the third quarter 2024 on Wednesday, October 30, 2024 beginning at 12:00 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive's website, www.fortive.com, under "Events/Presentations." A replay of the webcast will be available at the same location shortly after the conclusion of the presentation. You can access the conference call by dialing 877-407-3110 within the U.S. or 215-268-9915 outside the U.S. a few minutes before 12:00 p.m. ET and notifying the operator that you are dialing in fo
Separation Will Create Two Scaled Companies with Focused Business Models: Fortive to Focus on Resilient, High-Quality Recurring Growth Portfolio and the New Company Comprised of the Precision Technologies Businesses ("NewCo") to Focus on Powerful Secular Growth Trends Both Companies to Offer Distinct and Compelling Investment Profiles Leadership Transition Expected at Spin Completion Consistent with Long-term Succession Planning Expects Transaction to be Completed in Q4 2025 Remains Committed to Value-Enhancing Capital Deployment, Prioritizing Share Repurchases Through Completion of Transaction Reaffirms Q3 2024 and Full-Year 2024 Outlook Transaction to be Discussed on Co
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 September 27, 2024 to common stockholders of record on September 13, 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 future dividend payments, is subject to the discretion of the Board of Directors. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive's stra
Delivered resilient earnings growth and operating cash flow despite delayed recovery Revenue increase of 2% year-over-year to $1.55 billion Operating profit margin was 19%, with adjusted operating profit margin of 27%, up 90 bps year-over-year GAAP diluted EPS of $0.55, adjusted diluted EPS of $0.93, representing high-end of guidance; reported operating cash flow of $309 million and free cash flow of $280 million, ahead of guidance Strong full-year 2024 outlook; GAAP diluted EPS of $2.68 to $2.74, year-over-year increase of 10% to 13%; adjusted diluted EPS of $3.80 to $3.86, year-over-year increase of 11% to 13% Fortive Corporation ("Fortive") (NYSE:FTV) today announced fina
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that it will webcast its earnings conference call for the second quarter 2024 on Wednesday, July 24, 2024 beginning at 12:00 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the "Investors" section of Fortive's website, www.fortive.com, under "Events/Presentations." A replay of the webcast will be available at the same location shortly after the conclusion of the presentation. You can access the conference call by dialing 877-407-3110 within the U.S. or 215-268-9915 outside the U.S. a few minutes before 12:00 p.m. ET and notifying the operator that you are dialing in fo
Ganesh Moorthy is Expected to Join Ralliant's Board as its Independent Chair at the Time of the Separation Alan G. Spoon and Kate D. Mitchell are Expected to Join the Ralliant Board of Directors at the Time of the Separation Fortive Corporation ("Fortive") (NYSE:FTV) today announced that its Precision Technologies segment expected to be separated as a new independent, public company has been named Ralliant Corporation ("Ralliant"). Ralliant is trusted for precision technologies that advance next generation innovation and safeguard mission-critical applications through leading brands in test and measurement, specialty sensors, and aero, defense, and space subsystems. In addition, Fortive
Austin, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Accruent, the leading provider of workplace and asset management solutions and an operating company of Fortive (NYSE:FTV), today announced the appointment of Melissa M. Monk as its Chief Customer Officer. This strategic role underscores the company's commitment to a customer-first approach in its SaaS-forward growth strategy. Monk will lead Professional Services, Customer Success, and Renewals in this role, reporting directly to Accruent President Richard Leurig. Her responsibilities span from implementation to ongoing success planning and customer renewals, ensuring that Accruent delivers unparalleled customer experiences at every touchpoint.
Austin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Accruent, the leading provider of workplace and asset management solutions and an operating company of Fortive (NYSE:FTV), today announced the appointment of Richard Leurig to President. Leurig will oversee company strategy and contribute to the organization's continued growth and product innovation. Prior to his promotion to President, Leurig served as Accruent's Chief Product and Technology Officer for more than two years. In this role, Leurig successfully spearheaded Accruent's acquisition of RedEye, a next-generation SaaS engineering document management solution (EDMS), the recent launch of Accruent Space Intelligence™, and led the profess
Bregal Unternehmerkapital ("BU"), a leading investment firm in the DACH region and Northern Italy, today announced the sale of EA Elektro-Automatik Holding GmbH ("EA" or the "Company"), a leading provider of electronic test and measurement devices, to US-based Fortive Corporation ("Fortive") (NYSE:FTV) for an Enterprise Value of €1,585 Million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early first quarter of 2024. Founded in 1974 and headquartered in Viersen, Germany, EA develops and manufactures programmable power supplies, electronic loads, and bidirectional power supplies used to test electronic components across var
Seasoned Executive Leader Provides Significant Commercial Expertise Provation, a leading provider of healthcare productivity and workflow automation software solutions, and a wholly-owned operating company of Fortive Corporation (NYSE:FTV), today announced the appointment of Anita Santos as Chief Marketing Officer (CMO). "Anita is a transformational growth leader with extensive financial acumen, and proven success in technically complex industries," commented Ankush Kaul, President of Provation. "We are confident that her leadership skills and growth driven mindset will help Provation expedite its vision of becoming the global leader of innovative solutions that maximize healthcare qual
Minneapolis, Minn., April 06, 2023 (GLOBE NEWSWIRE) -- Provation, a leading provider of healthcare productivity and workflow automation software solutions, and a wholly-owned operating company of Fortive Corporation (NYSE:FTV), today announced the retirement of Daniel Hamburger as its Chief Executive Officer (CEO), and the appointment of Ankush Kaul as President. Daniel led the Provation acquisition by Fortive, a Fortune 1000 company that creates essential technology and accelerates transformation in high-impact fields like workplace safety, engineering, and healthcare. He provided steadfast vision and leadership, built an unparalleled leadership team, and launched the Provation CARES
Names SaaS Industry Veterans David Dean to CFO and Ken Yanhs to CMO to Accelerate Adoption of AI-Powered Product Discovery and E-commerce Experience Platform Zoovu, the AI-powered product discovery and e-commerce experience platform leader, today announced the appointment of new C-Suite executives as well as establishing the company's headquarters in Boston. Joining Zoovu's recently appointed CEO James Novak and CRO Ben Rey are David Dean, chief financial officer (CFO), and Ken Yanhs, chief marketing officer (CMO). Dean was most recently the CFO at Fiix Software where he led all finance and operations functions for the SaaS provider of cloud-based preventative maintenance solutions. In th
Fortive Corporation ("Fortive") (NYSE:FTV) announced today that its Board of Directors (the "Board") has appointed Eric Branderiz as a director of Fortive with a term commencing on January 1, 2023 and with the size of the Board expanded from eight to nine members effective January 1, 2023. Alan Spoon, Chairman of the Board of Fortive, said, "We are extremely pleased to welcome Eric to our Board. In addition to his deep knowledge of the technology and energy sectors, Eric brings extensive experience in finance, accounting and financial reporting, mergers & acquisitions, risk management, ESG and corporate governance." Mr. Branderiz most recently served as the Executive Vice President and Ch
Former Match Group Executives Bring 54 Years of Collective Experience to Further Strengthen Advent's Consumer Technology Practice Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointments of Shar Dubey and Mandy Ginsberg as Operating Partners. Dubey and Ginsberg will play key roles in further building out Advent's consumer technology practice and work collaboratively with the firm's consumer and technology investment teams and the management teams of its portfolio companies. Dubey and Ginsberg bring substantial experience in building digital communities and scaling disruptive global businesses, having each pr
Jane, a curated boutique marketplace featuring the latest in fashion trends, accessories, home decor, children's clothing and more, is undergoing a transformation from a deals platform to a boutique marketplace destination. This will include shifting the brand from running a smaller selection of 3-day deals to carrying everything the boutique customer would hope to find in one place. To accomplish this, Jane is building out an entirely new tech stack as well as structuring a C-suite of industry leaders. With the recent announcement of the new Chief Technology Office and Chief Marketing Officer, Jane is excited to also welcome Laura Ravo as Chief Operating Officer and Krista Kochivar as Chie
Citigroup downgraded Fortive from Buy to Neutral and set a new price target of $86.00 from $92.00 previously
Argus downgraded Fortive from Buy to Hold
UBS initiated coverage of Fortive with a rating of Neutral and set a new price target of $84.00
JP Morgan upgraded Fortive from Neutral to Overweight and set a new price target of $92.00 from $90.00 previously
Mizuho upgraded Fortive from Neutral to Outperform and set a new price target of $90.00 from $80.00 previously
Wolfe Research downgraded Fortive from Outperform to Peer Perform
Morgan Stanley initiated coverage of Fortive with a rating of Overweight and set a new price target of $89.00
Raymond James upgraded Fortive from Mkt Perform to Outperform
TD Cowen upgraded Fortive from Hold to Buy and set a new price target of $90.00 from $75.00 previously
JP Morgan downgraded Fortive from Overweight to Neutral and set a new price target of $90.00 from $95.00 previously
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