Fortive (FTV) Earns Coverage Optimism Score of 0.12

Headlines about Fortive (NYSE:FTV) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fortive earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.200103536615 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have effected Accern’s rankings:

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Wednesday. Royal Bank of Canada restated a “hold” rating and set a $79.00 target price on shares of Fortive in a research report on Thursday, January 4th. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. ValuEngine cut shares of Fortive from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, BMO Capital Markets assumed coverage on shares of Fortive in a research report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $72.70.

Fortive (NYSE FTV) traded down $0.26 during trading hours on Thursday, hitting $74.46. 864,250 shares of the stock were exchanged, compared to its average volume of 1,120,000. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $25,880.00 and a price-to-earnings ratio of 28.10. Fortive has a twelve month low of $53.59 and a twelve month high of $75.69.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. Fortive had a net margin of 14.39% and a return on equity of 31.67%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. equities analysts expect that Fortive will post 2.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, November 24th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Wednesday, November 22nd. Fortive’s dividend payout ratio is presently 10.57%.

In related news, insider James A. Lico sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the completion of the transaction, the insider now owns 166,014 shares of the company’s stock, valued at $12,142,263.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stacey A. Walker sold 4,775 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total transaction of $346,139.75. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

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Fortive Company Profile

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.

Insider Buying and Selling by Quarter for Fortive (NYSE:FTV)

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