Fortive (NYSE:FTV) Given New $59.00 Price Target at JPMorgan Chase & Co.

Fortive (NYSE:FTV) had its target price boosted by analysts at JPMorgan Chase & Co. from $56.00 to $59.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 10.14% from the company’s current price.

Other equities analysts have also issued reports about the company. Mizuho set a $55.00 price target on Fortive in a report on Thursday. Royal Bank Of Canada boosted their price objective on Fortive from $59.00 to $68.00 and gave the company a “sector perform” rating in a research note on Thursday. Evercore initiated coverage on Fortive in a report on Monday, September 28th. They set a “hold” rating and a $60.00 price objective on the stock. Truist Financial restated a “hold” rating and issued a $65.00 target price (up from $63.00) on shares of Fortive in a research note on Thursday. Finally, Citigroup lifted their target price on Fortive from $65.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.36.

Fortive Stock Performance

Shares of FTV stock traded up $1.55 during trading on Thursday, reaching $65.66. 3,765,356 shares of the company’s stock traded hands, compared to its average volume of 3,096,465. The firm’s 50-day moving average is $57.52 and its 200 day moving average is $58.55. The company has a market capitalization of $19.83 billion, a P/E ratio of 38.85, a PEG ratio of 2.50 and a beta of 1.07. Fortive has a 1 year low of $49.03 and a 1 year high of $67.03. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $0.68 EPS. Fortive’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Fortive will post 3.01 EPS for the current year.

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 8,662 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the transaction, the senior vice president directly owned 79,118 shares in the company, valued at $4,872,877.62. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is currently owned by insiders.

Institutional Trading of Fortive

A number of large investors have recently modified their holdings of the business. Mather Group LLC. increased its position in shares of Fortive by 86.8% in the third quarter. Mather Group LLC. now owns 467 shares of the technology company’s stock worth $26,000 after purchasing an additional 217 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new stake in Fortive during the second quarter valued at approximately $30,000. Virtus Advisers LLC bought a new stake in Fortive during the second quarter valued at approximately $30,000. Main Street Group LTD purchased a new position in Fortive in the 1st quarter worth approximately $31,000. Finally, Highland Investment Advisors LLC purchased a new position in Fortive in the 2nd quarter worth approximately $39,000. Institutional investors own 94.94% of the company’s stock.

Key Stories Impacting Fortive

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Q3 results exceeded expectations: Fortive reported adjusted EPS of $0.77, ahead of the $0.70 consensus estimate, while revenue rose 7.8% year over year to $1.11 billion, above expectations of $1.07 billion. Fortive Reports Third Quarter 2026 Results
• Positive Sentiment: Growth and profitability strengthened: Management highlighted more than 7% core growth, approximately 10% adjusted EBITDA growth and 13% adjusted EPS growth. This marked Fortive’s fifth consecutive quarter of double-digit adjusted EPS growth. Fortive Q3 Earnings Beat Estimates on Strong Core Growth, View Raised
• Positive Sentiment: 2026 guidance was raised: Fortive now expects adjusted EPS of $3.10 to $3.14, above the FactSet estimate of $3.01, signaling continued confidence in its cost-reduction and operating-improvement initiatives. Fortive 2026 Adjusted EPS Guidance
• Positive Sentiment: Analysts lifted price targets: Evercore ISI raised its target to $67 from $60, while RBC increased its target to $68 from $59. These revisions reinforce the positive reaction to the earnings beat, though RBC maintained a Sector Perform rating. RBC Raises Fortive Price Target
• Neutral Sentiment: Truist raised its price target modestly to $65 from $63 but retained a Hold rating, suggesting the improved outlook may already be reflected in the stock. Truist Adjusts Fortive Price Target
• Negative Sentiment: One analysis characterized Fortive as leaner and more profitable but somewhat overvalued. Shares trade at a relatively elevated earnings multiple, while healthcare margin pressure could limit further upside. Fortive Leaner and More Profitable but Somewhat Overvalued

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company’s portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.