Fortive (FTV) Gets a Hold from RBC Capital

RBC Capital analyst Deane Dray maintained a Hold rating on Fortive (FTVResearch Report) on January 19 and set a price target of $70.00. The company’s shares closed yesterday at $65.45.

Dray covers the Industrial Goods sector, focusing on stocks such as Xylem, Ametek, and General Electric. According to TipRanks, Dray has an average return of 9.9% and a 59.80% success rate on recommended stocks.

Fortive has an analyst consensus of Moderate Buy, with a price target consensus of $74.80, a 14.29% upside from current levels. In a report released on January 19, Wells Fargo also maintained a Hold rating on the stock with a $69.00 price target.

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The company has a one-year high of $71.83 and a one-year low of $52.36. Currently, Fortive has an average volume of 1.76M.

Based on the recent corporate insider activity of 53 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 November 2022, Murphy Patrick K, the President & CEO of AHS of FTV sold 32,788.00 shares for a total of $2,247,945.28.

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.

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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