Wells Fargo analyst Joe O’Dea maintained a Hold rating on Fortive (FTV – Research Report) yesterday and set a price target of $85.00. The company’s shares closed last Friday at $85.64.
O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Emerson Electric Company, and Parker Hannifin. According to TipRanks, O’Dea has an average return of 7.4% and a 59.46% success rate on recommended stocks.
Currently, the analyst consensus on Fortive is a Moderate Buy with an average price target of $86.18.
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The company has a one-year high of $86.61 and a one-year low of $62.44. Currently, Fortive has an average volume of 1.73M.
Based on the recent corporate insider activity of 50 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. Last 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:
- Seaport electrical/industrial analysts hold an analyst/industry conference call
- 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
