Research analysts at Barclays started coverage on shares of Fortive (NYSE:FTV) in a report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating on the technology company’s stock.
Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Thursday, January 11th. Citigroup upped their price objective on shares of Fortive from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. upped their price objective on shares of Fortive from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, ValuEngine lowered shares of Fortive from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $75.50.
Shares of Fortive (NYSE:FTV) opened at $74.19 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.83 and a quick ratio of 1.47. The company has a market cap of $25,785.89, a P/E ratio of 25.06, a P/E/G ratio of 2.24 and a beta of 0.51. Fortive has a 12-month low of $56.73 and a 12-month high of $76.68.
Institutional investors and hedge funds have recently made changes to their positions in the company. Calton & Associates Inc. acquired a new position in Fortive in the 4th quarter valued at $107,000. Steward Partners Investment Advisory LLC acquired a new position in Fortive in the 3rd quarter valued at $135,000. Willingdon Wealth Management acquired a new position in Fortive in the 3rd quarter valued at $143,000. Tower Research Capital LLC TRC acquired a new position in Fortive in the 4th quarter valued at $184,000. Finally, Private Advisor Group LLC acquired a new position in Fortive in the 3rd quarter valued at $200,000. Institutional investors own 78.59% of the company’s stock.
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Fortive Company Profile
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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