Fortive Co. (NYSE:FTV) announced a quarterly dividend on Thursday, April 8th, RTT News reports. Shareholders of record on Friday, May 28th will be given a dividend of 0.07 per share by the technology company on Friday, June 25th. This represents a $0.28 dividend on an annualized basis and a yield of 0.40%.
Shares of NYSE FTV traded down $1.15 during trading on Thursday, reaching $70.25. The stock had a trading volume of 2,995,677 shares, compared to its average volume of 2,306,309. Fortive has a fifty-two week low of $52.46 and a fifty-two week high of $82.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.24. The business’s 50-day moving average price is $68.49 and its 200-day moving average price is $69.53. The company has a market cap of $23.75 billion, a P/E ratio of 46.01, a PEG ratio of 5.13 and a beta of 1.14.
Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, February 3rd. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. Fortive had a return on equity of 16.30% and a net margin of 8.21%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Analysts forecast that Fortive will post 2.97 EPS for the current fiscal year.
Several analysts have recently weighed in on FTV shares. Citigroup boosted their target price on Fortive from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 5th. Barclays boosted their target price on Fortive from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Zacks Investment Research upgraded Fortive from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a report on Tuesday, February 23rd. Finally, Morgan Stanley cut Fortive from an “overweight” rating to an “equal weight” rating and set a $75.00 price target on the stock. in a report on Wednesday, February 17th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fortive currently has a consensus rating of “Buy” and a consensus target price of $77.29.
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, facilities management, public safety, mining, and healthcare applications, as well as environmental, health, and safety applications.
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