Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Fortive (FTV) Share Price

Media coverage about Fortive (NYSE:FTV) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortive earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.0421419928684 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Fortive traded up $0.52, hitting $77.87, during trading on Friday, Marketbeat.com reports. The company had a trading volume of 2,053,934 shares, compared to its average volume of 1,596,926. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.11 and a quick ratio of 1.69. Fortive has a 12 month low of $60.99 and a 12 month high of $80.31. The stock has a market capitalization of $26.96 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.10 and a beta of 0.51.

Fortive (NYSE:FTV) last issued its earnings results on Thursday, April 26th. The technology company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Fortive had a net margin of 16.12% and a return on equity of 29.86%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. equities analysts expect that Fortive will post 3.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders 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 0.36%. The ex-dividend date is Thursday, May 24th. Fortive’s payout ratio is 9.69%.

FTV has been the subject of several research analyst reports. ValuEngine upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, February 14th. 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. UBS initiated coverage on shares of Fortive in a research report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, Royal Bank of Canada restated a “hold” rating on shares of Fortive in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $80.33.

In other Fortive news, insider James A. Lico sold 75,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $71.93, for a total transaction of $5,394,750.00. Following the completion of the sale, the insider now owns 307,442 shares in the company, valued at approximately $22,114,303.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Emily A. Weaver sold 18,354 shares of the company’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $73.80, for a total transaction of $1,354,525.20. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

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.

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

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