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 $92.00. The company’s shares closed last Friday at $79.49.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 7.7% and a 56.59% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Eaton, and Lennox International.
Fortive has an analyst consensus of Moderate Buy, with a price target consensus of $91.25, a 14.79% upside from current levels. In a report released on April 17, J.P. Morgan also downgraded the stock to a Hold with a $90.00 price target.
FTV market cap is currently $27.93B and has a P/E ratio of 32.65.
Based on the recent corporate insider activity of 59 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. Most recently, in February 2024, Christopher M. Mulhall, the VP – Chief Accounting Officer of FTV sold 15,082.00 shares for a total of $1,239,835.86.
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.
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