Valued at a market cap of $19.1 billion, Fortive Company (FTV) develops, manufactures, and markets merchandise, software program, and providers. The Everett, Washington-based firm provides software-enabled workflow options and specialised technical merchandise.
This tech firm has significantly underperformed the broader market over the previous 52 weeks. Shares of FTV have declined 24.7% over this timeframe, whereas the broader S&P 500 Index ($SPX) has soared 14%. Nonetheless, on a YTD foundation, the inventory is up 8.9%, outpacing SPX’s 1.3% return.
Narrowing the main focus, Fortive has notably lagged behind the State Road Know-how Choose Sector SPDR ETF’s (XLK) 20.2% rise over the previous 52 weeks. Nonetheless, it has outperformed XLK’s 2% YTD drop.
On Feb. 4, FTV shares climbed 10.6% after it delivered better-than-expected This fall outcomes. The corporate’s income elevated 4.6% year-over-year to $1.1 billion, with core income rising by 3.3%. Furthermore, its adjusted EPS superior 12.5% from the year-ago quarter, reaching $0.90. Each its top-line and bottom-line figures got here in handily forward of analyst estimates.
For fiscal 2026, ending in December, analysts count on FTV’s EPS to develop 8.9% yr over yr to $2.95. The corporate’s earnings shock historical past is combined. It met or exceeded the consensus estimates in three of the final 4 quarters, whereas lacking on one other event.
Among the many 20 analysts overlaying the inventory, the consensus score is a “Maintain,” which relies on two “Robust Purchase,” one “Average Purchase,” 15 “Maintain,” and two “Robust Promote” scores.
The configuration is extra bearish than a month in the past, with one analyst suggesting a “Robust Promote” score.
On Feb. 5, Seaport Analysis maintained a “Purchase” score on FTV and raised its worth goal to $70, the Road-high worth goal, indicating a 16.4% potential upside from the present ranges.
The corporate is buying and selling above its imply worth goal of $59.06.
On the date of publication, Neharika Jain didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. This text was initially printed on Barchart.com
