Wall Street analysts expect Fortive Corp (NYSE:FTV) to announce earnings per share (EPS) of $0.55 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Fortive’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.48. Fortive reported earnings per share of $0.90 during the same quarter last year, which indicates a negative year-over-year growth rate of 38.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 23rd.

On average, analysts expect that Fortive will report full-year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.76 to $2.90. For the next fiscal year, analysts anticipate that the company will post earnings of $3.44 per share, with EPS estimates ranging from $3.15 to $3.82. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Fortive.

Fortive (NYSE:FTV) last posted its earnings results on Thursday, April 30th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.76 billion. Fortive had a return on equity of 17.55% and a net margin of 8.28%. Fortive’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share.

FTV has been the topic of several recent analyst reports. Credit Suisse Group dropped their target price on Fortive from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Robert W. Baird dropped their target price on Fortive from $81.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Rosenblatt Securities reissued a “hold” rating and issued a $78.00 target price on shares of Fortive in a report on Tuesday, February 25th. Raymond James lowered Fortive from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Finally, Citigroup initiated coverage on shares of Fortive in a research note on Monday, April 27th. They issued a “buy” rating and a $70.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $74.36.

NYSE:FTV traded up $3.15 during trading hours on Monday, hitting $70.61. The company’s stock had a trading volume of 3,884,613 shares, compared to its average volume of 2,112,904. The stock has a market capitalization of $22.72 billion, a P/E ratio of 43.86 and a beta of 1.23. The stock has a fifty day moving average of $59.94 and a 200-day moving average of $67.54. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.82. Fortive has a 52-week low of $37.31 and a 52-week high of $83.18.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, May 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.40%. Fortive’s dividend payout ratio (DPR) is 8.05%.

In related news, SVP William W. Pringle sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $62.86, for a total value of $314,300.00. Following the completion of the sale, the senior vice president now owns 69,183 shares in the company, valued at $4,348,843.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan G. Spoon acquired 20,000 shares of Fortive stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $54.46 per share, with a total value of $1,089,200.00. Insiders have sold 80,081 shares of company stock valued at $5,004,454 in the last quarter. Insiders own 12.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted its position in Fortive by 41.3% in the fourth quarter. Meeder Asset Management Inc. now owns 486 shares of the technology company’s stock valued at $37,000 after purchasing an additional 142 shares during the period. MAI Capital Management lifted its position in Fortive by 2.2% in the fourth quarter. MAI Capital Management now owns 8,376 shares of the technology company’s stock valued at $640,000 after purchasing an additional 178 shares during the period. Redmond Asset Management LLC lifted its position in Fortive by 1.4% in the first quarter. Redmond Asset Management LLC now owns 13,919 shares of the technology company’s stock valued at $768,000 after purchasing an additional 186 shares during the period. Endurance Wealth Management Inc. lifted its position in Fortive by 0.7% in the first quarter. Endurance Wealth Management Inc. now owns 28,304 shares of the technology company’s stock valued at $1,562,000 after purchasing an additional 189 shares during the period. Finally, CSat Investment Advisory L.P. lifted its position in Fortive by 25.6% in the fourth quarter. CSat Investment Advisory L.P. now owns 977 shares of the technology company’s stock valued at $74,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Fortive Company Profile

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, public safety, mining, and healthcare applications.

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