Fortive (FTV) Announces $0.07 Quarterly Dividend

Fortive (NYSE:FTV) announced a quarterly dividend on Thursday, April 12th, RTT News reports. Stockholders of record on Friday, May 25th will be paid a dividend of 0.07 per share by the technology company on Friday, June 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.37%.

Fortive has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Fortive to earn $3.65 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 7.7%.

How to Become a New Pot Stock Millionaire

Shares of NYSE:FTV opened at $74.75 on Friday. The stock has a market capitalization of $25,910.95, a PE ratio of 25.67, a PEG ratio of 2.25 and a beta of 0.41. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. Fortive has a fifty-two week low of $59.88 and a fifty-two week high of $80.31.

Fortive (NYSE:FTV) last issued its earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.77 billion. Fortive had a net margin of 15.69% and a return on equity of 30.54%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. equities analysts predict that Fortive will post 3.43 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on FTV. Zacks Investment Research downgraded shares of Fortive from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. JPMorgan Chase downgraded shares of Fortive from an “overweight” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Friday, March 9th. Barclays started coverage on shares of Fortive in a report on Thursday, February 15th. They issued an “overweight” rating and a $86.00 target price on the stock. Finally, BMO Capital Markets decreased their price objective on shares of Fortive from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $77.50.

COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/13/fortive-ftv-announces-0-07-quarterly-dividend.html.

About Fortive

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

Dividend History for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply