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 |
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
Expected separation completion date of June 28, 2025 Record date for distribution of Ralliant common stock will be June 16, 2025 "When-issued" trading of Ralliant common stock expected to begin on June 25, 2025 Ralliant to host an investor day conference on June 10, 2025 Fortive Corporation ("Fortive") (NYSE:FTV) today announced that its Board of Directors has declared a pro rata dividend of 100% of the outstanding common stock of Ralliant Corporation ("Ralliant") to Fortive's shareholders of record as of the close of business on June 16, 2025 (the "Record Date"). The dividend is payable at 12:01 a.m. ET on June 28, 2025 ("Distribution Date") with Fortive shareholders receiving
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
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that it will webcast its earnings conference call for the first quarter 2025 on Thursday, May 1, 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 for Fort
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
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
Expected separation completion date of June 28, 2025 Record date for distribution of Ralliant common stock will be June 16, 2025 "When-issued" trading of Ralliant common stock expected to begin on June 25, 2025 Ralliant to host an investor day conference on June 10, 2025 Fortive Corporation ("Fortive") (NYSE:FTV) today announced that its Board of Directors has declared a pro rata dividend of 100% of the outstanding common stock of Ralliant Corporation ("Ralliant") to Fortive's shareholders of record as of the close of business on June 16, 2025 (the "Record Date"). The dividend is payable at 12:01 a.m. ET on June 28, 2025 ("Distribution Date") with Fortive shareholders receiving
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
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
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that it will webcast its earnings conference call for the first quarter 2025 on Thursday, May 1, 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 for Fort
Everett, Washington, April 02, 2025 (GLOBE NEWSWIRE) -- Summary: 55% of companies surveyed outsource the majority of their solar maintenanceIn the U.S. that figure is 54% compared to 60% in Germany and 48% in the UK75% of companies indicate they will continue to outsource maintenanceIn the US that figure is 71%, with Spain and Germany reaching almost 90% and the UK 58% 30% of companies admit their maintenance strategy is either reactive or non-existentNearly 60% highlight lack of training for technicians on use of advanced diagnostic tools A growing number of companies across the U.S. and Europe are strategically outsourcing solar equipment maintenance, driven by a critical short
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 J.P. Morgan 2025 Industrials Conference on Thursday, March 13th, 2025 at 8:15 a.m. ET (5:15 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, Advanced Healthcare Solutions, and Preci
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4 - Fortive Corp (0001659166) (Issuer)
4 - Fortive Corp (0001659166) (Issuer)
4 - Fortive Corp (0001659166) (Issuer)
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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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
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that Mark Okerstrom has been appointed Chief Financial Officer, effective March 24, 2025. Mr. Okerstrom will succeed Chuck E. McLaughlin who, as previously announced, will be retiring from his role as CFO on March 24, 2025 but will continue to serve in a non-executive officer role through the end of the year to assist with the transition and ensure continuity. Mr. Okerstrom is an accomplished executive with a strong track record of shareholder value creation as a public company CFO, with demonstrated experience in accelerating profitable organic growth and deep expertise in disciplined capital allocation and bolt-on M&A strategies.
Fortive Corporation ("Fortive") (NYSE:FTV) today announced that its Board of Directors (the "Board") has appointed Gregory Moore, M.D., Ph.D., as a director of Fortive, effective February 26, 2025, with the size of the Board expanded from nine to ten members. In addition, Dr. Moore was appointed to the Compensation Committee and Nominating and Governance Committee. Shar Dubey, Chair of the Board, said, "We are excited to welcome Greg to the Board of Directors during this important time in Fortive's evolution. Greg brings over 20 years of healthcare experience and a deep background in AI and digital transformation, as well as significant executive leadership and public board experience, th
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