Barclays Maintains Overweight on Fortive, Lowers Price Target to $91
$FTV
Industrial Machinery/Components
Industrials
Barclays analyst Julian Mitchell maintains Fortive (NYSE:FTV) with a Overweight and lowers the price target from $93 to $91.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
144 - Fortive Corp (0001659166) (Subject)
144 - Fortive Corp (0001659166) (Subject)
10-Q - Fortive Corp (0001659166) (Filer)
SC 13G/A - Fortive Corp (0001659166) (Subject)
SC 13G/A - Fortive Corp (0001659166) (Subject)
SC 13G/A - Fortive Corp (0001659166) (Subject)
6 analysts have expressed a variety of opinions on Fortive (NYSE:FTV) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 1 0 0 Last 30D 1 1 0 0 0 1M Ago 2 1 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $86.67, with a high estimate of $93.00 and a low estimate of $75.00. A decline of 2.62% from the prio
Truist Securities analyst Jamie Cook maintains Fortive (NYSE:FTV) with a Buy and lowers the price target from $89 to $82.
Barclays analyst Julian Mitchell maintains Fortive (NYSE:FTV) with a Overweight and lowers the price target from $93 to $91.
4 - Fortive Corp (0001659166) (Issuer)
4 - Fortive Corp (0001659166) (Issuer)
4 - Fortive Corp (0001659166) (Issuer)
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
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-markets. Fortive's strategic segments - Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions - include well-known brands with leading positions in their markets. The company's businesses design, dev
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
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
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