Fortive (NYSE:FTV) Given “Hold” Rating at Truist Financial

Truist Financial restated their hold rating on shares of Fortive (NYSE:FTV) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $68.00 target price on the technology company’s stock, up from their previous target price of $67.00.

FTV has been the subject of a number of other reports. Argus raised shares of Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, May 11th. Wells Fargo & Company increased their price objective on shares of Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley raised their price objective on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada upped their target price on Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.10.

Fortive Stock Performance

NYSE:FTV opened at $58.49 on Thursday. The firm has a market capitalization of $17.69 billion, a PE ratio of 34.61 and a beta of 1.06. The stock’s fifty day moving average is $61.00 and its 200 day moving average is $58.71. Fortive has a fifty-two week low of $46.34 and a fifty-two week high of $64.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.57 and a current ratio of 1.24.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. Fortive’s quarterly revenue was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, sell-side analysts anticipate that Fortive will post 2.98 earnings per share for the current year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 22nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.24 annualized dividend and a yield of 0.4%. Fortive’s dividend payout ratio is 14.37%.

Fortive declared that its Board of Directors has initiated a stock repurchase program on Monday, May 4th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the completion of the sale, the senior vice president directly owned 87,780 shares of the company’s stock, valued at $5,337,901.80. The trade was a 35.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Fortive

A number of hedge funds and other institutional investors have recently made changes to their positions in FTV. Aberdeen Group plc grew its holdings in Fortive by 12.0% during the 4th quarter. Aberdeen Group plc now owns 353,520 shares of the technology company’s stock worth $19,518,000 after acquiring an additional 37,828 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Fortive in the 4th quarter worth approximately $20,387,000. ABN Amro Investment Solutions bought a new position in shares of Fortive during the fourth quarter valued at approximately $1,229,000. WINTON GROUP Ltd purchased a new position in Fortive during the fourth quarter valued at approximately $6,729,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in Fortive by 15.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 866,277 shares of the technology company’s stock worth $47,827,000 after buying an additional 116,257 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Key Fortive News

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates. Fortive reported adjusted EPS of $0.74, ahead of the $0.71 consensus, while revenue rose 8% year over year to $1.10 billion, exceeding the $1.07 billion forecast. Fortive Reports Second Quarter 2026 Results
• Positive Sentiment: Underlying growth accelerated. Core revenue growth reached 6.7%, adjusted EBITDA increased 12%, and adjusted EPS grew 28% on an adjusted basis. Demand in Fortive’s industrial automation business was strong, supporting the company’s improved outlook. Reuters report on Fortive’s profit outlook
• Positive Sentiment: Full-year guidance was raised. Fortive now expects fiscal 2026 adjusted EPS of $2.95–$3.05, broadly around analyst expectations, citing stronger core growth and improved cash flow. The company also continued share buybacks and emphasized disciplined capital allocation. Zacks FTV Q2 earnings report
• Neutral Sentiment: Analyst support improved modestly. Truist reaffirmed its “hold” rating but lifted its price target from $67 to $68, implying meaningful potential upside from the referenced share price. The unchanged rating suggests the firm sees balanced risk and reward. Benzinga analyst update
• Negative Sentiment: Reported EPS declined from the prior year. Quarterly EPS of $0.74 compared with $0.90 a year earlier, which may temper enthusiasm despite the estimates beat. Fortive also trades at a relatively elevated earnings multiple, increasing sensitivity to any concerns about growth or execution.

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin‑off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin‑off of Vontier, concentrating Fortive’s activities on higher‑margin instrumentation, software and services.

Fortive’s operations center on professional test and measurement, sensing and monitoring, software‑enabled solutions, and lifecycle services that support industrial and commercial customers.