Fortive said on April 6, 2023 that its board of directors declared a regular
quarterly dividend of $0.07 per share ($0.28 annualized).
Previously, the company paid $0.07 per share.
Shares must be purchased before the ex-div date of May 25, 2023 to qualify for the dividend.
Shareholders of record as of May 26, 2023
will receive the payment on June 30, 2023.
At the current share price of $64.36 / share,
the stock’s dividend yield is 0.44%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.40%,
the lowest has been 0.32%,
and the highest has been 0.67%.
The standard deviation of yields is 0.05 (n=237).
The current dividend yield is
0.75 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.13.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 1474 funds or institutions reporting positions in Fortive.
This is an increase
of
77
owner(s) or 5.51% in the last quarter.
Average portfolio weight of all funds dedicated to FTV is 0.24%,
a decrease
of 5.04%.
Total shares owned by institutions decreased
in the last three months by 1.35% to 381,847K shares.
The put/call ratio of FTV is 1.10, indicating a
bearish
outlook.
Analyst Price Forecast Suggests 17.87% Upside
As of April 6, 2023,
the average one-year price target for Fortive is $75.86.
The forecasts range from a low of $63.63 to a high of $91.35.
The average price target represents an increase of 17.87% from its latest reported closing price of $64.36.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Fortive
is $6,077MM, an increase of 4.31%.
The projected annual non-GAAP EPS
is $3.38.
What are Other Shareholders Doing?
LINCOLN VARIABLE INSURANCE PRODUCTS TRUST – LVIP BlackRock Global Allocation Fund Standard Class
holds 148K shares
representing 0.04% ownership of the company.
In it’s prior filing, the firm reported owning 153K shares, representing
a decrease
of 3.78%.
The firm
increased
its portfolio allocation in FTV by 3.02% over the last quarter.
SPTM – SPDR Portfolio Total Stock Market ETF
holds 52K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 52K shares, representing
a decrease
of 0.28%.
The firm
increased
its portfolio allocation in FTV by 2.66% over the last quarter.
Humankind Benefit Corp – Humankind US Stock ETF
holds 2K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 2K shares, representing
an increase
of 1.13%.
The firm
decreased
its portfolio allocation in FTV by 2.55% over the last quarter.
EQ ADVISORS TRUST – EQ
holds 2K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 2K shares, representing
an increase
of 0.33%.
The firm
decreased
its portfolio allocation in FTV by 0.17% over the last quarter.
Prudential Financial
holds 310K shares
representing 0.09% ownership of the company.
In it’s prior filing, the firm reported owning 304K shares, representing
an increase
of 1.80%.
The firm
increased
its portfolio allocation in FTV by 10.47% over the last quarter.
Fortive Background Information
(This description is provided by the company.)
Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healthcare solutions. Fortive is headquartered in Everett, Washington and employs a team of more than 17,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
