In a report released yesterday, Joe O’Dea from Wells Fargo maintained a Hold rating on Fortive (FTV – Research Report), with a price target of $85.00. The company’s shares closed last Friday at $84.32.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 6.1% and a 56.52% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Carrier Global, and Emerson Electric Company.
Fortive has an analyst consensus of Moderate Buy, with a price target consensus of $86.18.
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FTV market cap is currently $29.57B and has a P/E ratio of 34.70.
Based on the recent corporate insider activity of 58 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. Earlier this month, Christopher M. Mulhall, the VP – Chief Accounting Officer of FTV sold 15,082.00 shares for a total of $1,239,835.86.
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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:
- Fortive Corp’s Strategic Financial Maneuver with €1.2B Notes Offering
- Fortive price target raised to $95 from $87 at JPMorgan
- Fortive price target raised to $80 from $75 at RBC Capital
- Fortive price target raised to $98 from $96 at Seaport Research
- Fortive price target raised to $85 from $79 at Wells Fargo
