Wall Street analysts expect Fortive Corp (NYSE:FTV) to announce $1.66 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Fortive’s earnings, with estimates ranging from $1.60 billion to $1.83 billion. Fortive posted sales of $1.74 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 4.6%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Fortive will report full year sales of $7.32 billion for the current financial year, with estimates ranging from $6.91 billion to $7.70 billion. For the next financial year, analysts expect that the business will post sales of $7.71 billion, with estimates ranging from $7.20 billion to $8.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Fortive.

Fortive (NYSE:FTV) last issued its earnings results on Thursday, February 7th. The technology company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.77 billion. Fortive had a net margin of 40.50% and a return on equity of 22.42%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share.

Several research firms have commented on FTV. Barclays upped their price objective on shares of Fortive from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. ValuEngine raised Fortive from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Zacks Investment Research raised Fortive from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Credit Suisse Group reissued a “neutral” rating and set a $78.00 price target (down from $86.00) on shares of Fortive in a research note on Thursday, January 3rd. Finally, TheStreet raised Fortive from a “c” rating to a “b-” rating in a research note on Wednesday, January 30th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.90.

In other Fortive news, SVP Stacey A. Walker sold 1,783 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $81.87, for a total transaction of $145,974.21. Following the transaction, the senior vice president now directly owns 16,036 shares in the company, valued at approximately $1,312,867.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jonathan L. Schwarz sold 3,746 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $81.63, for a total value of $305,785.98. Following the transaction, the vice president now owns 17,740 shares in the company, valued at $1,448,116.20. The disclosure for this sale can be found here. Insiders sold a total of 5,964 shares of company stock valued at $486,847 over the last ninety days. Corporate insiders own 12.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Gravity Wealth Inc. acquired a new stake in shares of Fortive in the 1st quarter worth $72,000. Renaissance Investment Group LLC boosted its position in shares of Fortive by 1.0% in the 1st quarter. Renaissance Investment Group LLC now owns 48,712 shares of the technology company’s stock worth $4,086,000 after purchasing an additional 499 shares in the last quarter. Sky Investment Group LLC lifted its position in Fortive by 1.0% during the 1st quarter. Sky Investment Group LLC now owns 41,897 shares of the technology company’s stock worth $3,515,000 after acquiring an additional 415 shares during the period. IFM Investors Pty Ltd lifted its position in Fortive by 10.0% during the 1st quarter. IFM Investors Pty Ltd now owns 19,034 shares of the technology company’s stock worth $1,597,000 after acquiring an additional 1,736 shares during the period. Finally, Waverton Investment Management Ltd acquired a new stake in Fortive during the 1st quarter worth about $848,000. Institutional investors own 85.06% of the company’s stock.

Shares of NYSE:FTV traded up $0.89 on Thursday, hitting $88.50. The company had a trading volume of 1,468,056 shares, compared to its average volume of 1,144,154. Fortive has a 1-year low of $62.89 and a 1-year high of $88.70. The company has a market cap of $29.65 billion, a P/E ratio of 28.92, a P/E/G ratio of 2.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.45 and a quick ratio of 1.18.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, May 30th. Fortive’s payout ratio is 9.15%.

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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