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Fortive (FTV) Receives a Hold from Wells Fargo

Wells Fargo analyst Joe O’Dea maintained a Hold rating on Fortive (FTVResearch Report) today and set a price target of $63.00. The company’s shares closed last Friday at $64.45.

According to TipRanks.com, O’Dea is a 1-star analyst with an average return of -3.8% and a 41.7% success rate. O’Dea covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortive with a $71.08 average price target, which is a 13.3% upside from current levels. In a report issued on July 18, Mizuho Securities also maintained a Hold rating on the stock with a $60.00 price target.

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The company has a one-year high of $79.87 and a one-year low of $52.47. Currently, Fortive has an average volume of 2.46M.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FTV in relation to earlier this year.

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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