Fortive Corporation (FTV) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Fortive Corporation (NYSE:FTV) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Fortive Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.6121930510841 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Chartists Place Fortive Corp (FTV) on Notice: Technical Update – Evergreen Caller (evergreencaller.com)
- Are Discerning Investors Interested in These Shares: Fortive Corporation (NYSE:FTV)? – FLBC News (flbcnews.com)
- Can Fortive Corp (FTV) Move Higher? – Sparta Review (spartareview.com)
- A Look at these Riveting Stocks: Fortive Corporation (NYSE:FTV) and Pioneer Natural Resources Company (NYSE:PXD) – FLBC News (flbcnews.com)
- ETFs with exposure to Fortive Corp. : August 14, 2017 (finance.yahoo.com)
Shares of Fortive Corporation (NYSE FTV) traded down 0.20% during mid-day trading on Tuesday, reaching $66.12. 595,496 shares of the company traded hands. Fortive Corporation has a 52-week low of $46.81 and a 52-week high of $67.48. The stock’s 50 day moving average is $64.54 and its 200 day moving average is $61.48. The stock has a market capitalization of $22.95 billion, a PE ratio of 26.04 and a beta of 0.23.
Fortive Corporation (NYSE:FTV) last issued its earnings results on Thursday, July 27th. The technology company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Fortive Corporation will post $2.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 25th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.28 annualized dividend and a dividend yield of 0.42%. Fortive Corporation’s dividend payout ratio is presently 11.02%.
FTV has been the topic of a number of recent research reports. Morgan Stanley downgraded shares of Fortive Corporation from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $61.00 to $65.00 in a research report on Tuesday, May 2nd. They noted that the move was a valuation call. Cowen and Company raised their price target on shares of Fortive Corporation from $46.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Fortive Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Fortive Corporation in a research report on Monday, May 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $62.00 price target on shares of Fortive Corporation in a research report on Sunday, July 30th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.82.
In related news, VP Raj Ratnakar sold 11,642 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $62.31, for a total transaction of $725,413.02. Following the transaction, the vice president now owns 5,020 shares in the company, valued at approximately $312,796.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Emily A. Weaver sold 3,749 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $62.27, for a total transaction of $233,450.23. The disclosure for this sale can be found here. 12.10% of the stock is owned by corporate insiders.
About Fortive Corporation
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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