Fortive (FTV) Receiving Somewhat Favorable News Coverage, Study Shows

News stories about Fortive (NYSE:FTV) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fortive earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.369391327959 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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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 $82.00 price objective on the stock in a research report on Thursday, January 11th. Citigroup boosted their price objective on shares of Fortive from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. JPMorgan Chase boosted their price objective on shares of Fortive from $82.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. BMO Capital Markets restated a “buy” rating and issued a $88.00 price objective on shares of Fortive in a research report on Friday, January 26th. Finally, ValuEngine upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.50.

Shares of NYSE FTV traded down $0.05 during midday trading on Friday, hitting $74.70. 2,475,635 shares of the company traded hands, compared to its average volume of 1,672,910. Fortive has a 12-month low of $59.88 and a 12-month high of $80.31. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.83 and a quick ratio of 1.47. The stock has a market capitalization of $25,910.95, a P/E ratio of 25.85, a P/E/G ratio of 2.25 and a beta of 0.41.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. Fortive had a net margin of 15.69% and a return on equity of 30.54%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. Fortive’s quarterly revenue was up 11.0% on a year-over-year basis. research analysts anticipate that Fortive will post 3.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 25th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Thursday, May 24th. Fortive’s dividend payout ratio is currently 9.69%.

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About Fortive

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 maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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