Fortive Corporation Common Stoc (NYSE:FTV):
Fortive Schedules Third Quarter 2016 Earnings Conference Call.
The company is now up by 0.76% since yesterday’s close of $51.22.
The company also recently declared a dividend for shareholders to be paid on Friday the 30th of September 2016. The dividend payment will be $0.070 per share for the quarter which is $0.28 annualized. The dividend yield will be $0.55. The ex-dividend date will be on Wednesday August 24th, 2016.
Shares are trading at $51.61 barely below the 50 day moving average of $51.71 and barely above the 200 day moving average of $50.87. The 50 day moving average was down by -0.20% and the 200 day average went up $0.74 or +1.45%.
The P/E ratio is currently 20.87 and the market cap is 17.84B. As of the latest earnings report the EPS was $2.47 and is projected to be $2.43 for the current year with 345,577,000 shares presently outstanding. Next quarter’s EPS is expected be $0.67 with next year’s EPS projected to be $2.61.
A few brokerage firms have released ratings on the company recently. Raymond James started covering the stock giving it an initial rating of “Outperform”. On September 8 analysts at Argus Research issued its first research report on the stock with an initial rating of “Hold”.
On July 26, 2016 Bank of America began coverage of the stock by announcing an initial rating of “Buy”. Equity analyst Stifel Nicolaus began coverage setting a rating of “Buy” and establishing a price target of $57.00.
Equity analyst UBS began coverage of FTV with a rating of “Neutral” and price target of $48.00. On July 12, 2016 JP Morgan started coverage giving it an initial rating of “Neutral” and a price target of $48.00.