Fortive Corporation (FTV) to Distribute Quarterly Dividend of $0.07 on September 25th

Fortive Corporation (NYSE:FTV) announced a quarterly dividend on Thursday, August 20th. Shareholders 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 dividend 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 raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Fortive has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.2%

Shares of FTV stock opened at $60.14 on Friday. Fortive has a fifty-two week low of $46.54 and a fifty-two week high of $64.56. The stock’s fifty day moving average price is $61.16 and its two-hundred day moving average price is $59.39. 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 company has a market cap of $18.16 billion, a PE ratio of 35.59, a P/E/G ratio of 2.46 and a beta of 1.06.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 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 analysts’ expectations of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.Fortive’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Equities analysts predict that Fortive will post 3.02 EPS for the current fiscal year.

Fortive declared that its board has approved a share repurchase program on Monday, May 4th that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

About Fortive

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.