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 |
|---|---|---|---|
| 4/9/2025 | $67.00 | Outperform → Neutral | Exane BNP Paribas |
| 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 |
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Exane BNP Paribas downgraded Fortive from Outperform to Neutral and set a new price target of $67.00
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
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NEW YORK, June 10, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on June 10th Stocks are little changed Tuesday morning as Wall Street watches U.S – China trade talks. Yesterday, the S&P 500 finished 2.3% from its record high.Trade talks got underway yesterday between representatives from the world's first and second largest economies and are expected to resume today. Both nations agreed last month to temporarily cut levies on one another.The National Fe
Well-Positioned for Profitable Growth with Proven Leadership Team As previously disclosed, Ralliant Corporation ("Ralliant" or the "Company") is hosting its 2025 Investor Day today where members of the Company's newly formed leadership team will discuss its growth strategy and financial priorities as a standalone public company following the pending separation from Fortive Corporation ("Fortive") (NYSE:FTV) on June 28, 2025. Tami Newcombe, President and Chief Executive Officer of Ralliant, stated: "Over the last five years, our Precision Technologies business has evolved as a global leader of mission critical technologies with increased focus on innovation and a sharpened growth strateg
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Replenishment of general share repurchase authorization with 20 million shares available for future repurchases Adoption of a separate special purpose share repurchase authorization to deploy up to $550 million from cash distribution from Ralliant Corporation Fortive Corporation ("Fortive") (NYSE:FTV) announced today that its Board of Directors has approved an increase in the number of shares of Fortive's common stock authorized under its general share repurchase program by approximately 15.63 million additional shares (the "General Share Repurchase Program"). Following such increase, the total number of shares remaining available for repurchase under the General Share Repurchase Pro
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EVERETT, Washington, May 21, 2025 (GLOBE NEWSWIRE) -- Fluke Reliability today announced a new Shaft Alignment solution, featuring rugged professional tablets compatible with its full range of alignment kits, including Pruftechnik's single-laser alignment tools. Misalignments are an unseen force, driving increased utility costs and are the leading cause of 50% of unplanned downtime in rotating machines. A single 75 KW pump with an aligned offset of just 0.75mm increases utility costs by €1,624/$1,758 annually while also accelerating wear on bearings, seals, and couplings. With up to 90% of industrial equipment misaligned, precision alignment programs offer companies the potential to sav
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that James A. Lico, President and Chief Executive Officer, Mark Okerstrom, Senior Vice President and Chief Financial Officer, and Tami Newcombe, President and Chief Executive Officer of Precision Technologies (PT), will be presenting at the BofA Securities Industrials, Transportation & Airlines Key Leaders Conference on Wednesday, May 14th, 2025 at 3:40 p.m. ET (12:40 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-markets. Fortive's strategic segments - Intelli
Fortive Also Announces Filing of Form 10 Registration Statement for Planned Spin-Off of Ralliant Fortive Corporation ("Fortive") (NYSE:FTV) today announced the appointment of Neill Reynolds as Chief Financial Officer (CFO) of Ralliant Corporation ("Ralliant"), effective June 2, 2025. Mr. Reynolds brings more than 25 years of financial leadership experience within complex, global, publicly traded organizations. He most recently served as Executive Vice President and CFO of Wolfspeed, where he played a pivotal role in the company's strategic transformation to become a leading silicon carbide materials and power semiconductor supplier. Prior to his tenure at Wolfspeed, Mr. Reynolds held key
Delivered GAAP diluted net EPS of $0.50, adjusted diluted net EPS of $0.85, in line with expectations Reported operating profit margin of 15.8%, with adjusted operating profit margin of 25.3%, up 20 bps year-over-year, led by strong performance in Intelligent Operating Solutions Generated cash flow above expectations, with trailing twelve-month reported operating cash flow up 5% year-over-year Updates 2025 adjusted earnings per share guidance, reflecting moderated demand in Precision Technologies; includes anticipated net impact of tariffs Targets separation of Fortive and Ralliant by the end of the second quarter 2025 Fortive Corporation ("Fortive") (NYSE:FTV) today announced fi
Well-Positioned for Profitable Growth with Proven Leadership Team As previously disclosed, Ralliant Corporation ("Ralliant" or the "Company") is hosting its 2025 Investor Day today where members of the Company's newly formed leadership team will discuss its growth strategy and financial priorities as a standalone public company following the pending separation from Fortive Corporation ("Fortive") (NYSE:FTV) on June 28, 2025. Tami Newcombe, President and Chief Executive Officer of Ralliant, stated: "Over the last five years, our Precision Technologies business has evolved as a global leader of mission critical technologies with increased focus on innovation and a sharpened growth strateg
Simpler, Focused Company with a Clear Path for Acceleration Fortive Corporation ("Fortive") (NYSE:FTV) today is hosting its 2025 Investor Day with members of the Fortive leadership team detailing plans for driving sustainable growth and delivering shareholder value following the pending separation of Ralliant Corporation on June 28, 2025. Olumide Soroye, incoming President and CEO of Fortive, said, "We begin an exciting new chapter at Fortive as a focused company with high-quality operating brands and a demonstrated track record of strong financial performance. With approximately 50% recurring revenue, sustainable competitive advantages, and a strategic focus on attractive markets align
Replenishment of general share repurchase authorization with 20 million shares available for future repurchases Adoption of a separate special purpose share repurchase authorization to deploy up to $550 million from cash distribution from Ralliant Corporation Fortive Corporation ("Fortive") (NYSE:FTV) announced today that its Board of Directors has approved an increase in the number of shares of Fortive's common stock authorized under its general share repurchase program by approximately 15.63 million additional shares (the "General Share Repurchase Program"). Following such increase, the total number of shares remaining available for repurchase under the General Share Repurchase Pro
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Delivered GAAP diluted net EPS of $0.50, adjusted diluted net EPS of $0.85, in line with expectations Reported operating profit margin of 15.8%, with adjusted operating profit margin of 25.3%, up 20 bps year-over-year, led by strong performance in Intelligent Operating Solutions Generated cash flow above expectations, with trailing twelve-month reported operating cash flow up 5% year-over-year Updates 2025 adjusted earnings per share guidance, reflecting moderated demand in Precision Technologies; includes anticipated net impact of tariffs Targets separation of Fortive and Ralliant by the end of the second quarter 2025 Fortive Corporation ("Fortive") (NYSE:FTV) today announced fi
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 June 27, 2025 to common stockholders of record on May 30, 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 segment
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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
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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
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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