Wells Fargo analyst Joe O’Dea maintained a Hold rating on Fortive (FTV – Research Report) yesterday and set a price target of $84.00. The company’s shares closed last Friday at $77.16.
O’Dea covers the Industrials sector, focusing on stocks such as Eaton, Johnson Controls, and Lennox International. According to TipRanks, O’Dea has an average return of 8.1% and a 59.53% success rate on recommended stocks.
Fortive has an analyst consensus of Moderate Buy, with a price target consensus of $92.10.
The company has a one-year high of $87.10 and a one-year low of $62.92. Currently, Fortive has an average volume of 1.61M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Fortive (FTV) Company Description:
Incorporated in 2015 and headquartered in Washington, Fortive Corp. is a diversified industrial growth company. The company is engaged in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the Professional Instrumentation and Industrial Technologies segments.
Read More on FTV:
