Fortive Corporation (NYSE:FTV) Increases Dividend to $0.07 Per Share

Fortive Corporation (NYSE:FTV) declared a quarterly dividend on Thursday, August 20th. Investors of record on Friday, September 4th will be paid a dividend of 0.07 per share by the technology company on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. This is a 16.7% increase from Fortive’s previous quarterly dividend of $0.06.

Fortive has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortive has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fortive to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 7.4%.

Fortive Stock Up 0.9%

Fortive stock opened at $59.41 on Friday. The firm has a market cap of $17.94 billion, a PE ratio of 35.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.24. The firm’s 50 day moving average price is $61.16 and its two-hundred day moving average price is $59.39. Fortive has a twelve month low of $46.54 and a twelve month high of $64.56.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, research analysts predict that Fortive will post 3.01 EPS for the current fiscal year.

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.