Reading the tape
NYSE: FTV
Fortive Corporation
Technology · Hardware, Equipment & Parts
Market Cap
$18.70B
52w High
$62.81
52w Low
$46.34
P/E
34.58
Volume
1.45M
Outstanding Shares
307.86M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsHigh confidence
1Y Price: 19.58%Revenue (TTM): -23.36%FCF (TTM): -30.18%P/FCF: 97th pct
What changed
The stock rose 19.58% over the last year. Revenue declined 23.36% over the trailing twelve months. Operating margin moved from 18.94% to 17.73%. Free cash flow declined 30.18% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 97th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 17.73%) would need to stabilize or improve to justify the move. Revenue is declining 23.36% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide.
CEOOlumide O. Soroye
SectorTechnology
IndustryHardware, Equipment & Parts
Employees10,000
IPO dateJul 5, 2016
Valuation
Forward P/E—
EV/EBITDA16.91
Enterprise value$20.3B
Stock splits
Jun 30, 2025↑ Forward
Every 1000 shares became 1327
Oct 9, 2020↑ Forward
Every 200 shares became 239
Profitability & growth
Revenue growth-27.46%
Gross margin61.83%▲1.81%vs FY2024
Operating margin17.73%▼6.40%vs FY2024
ROE8.98%▲9.79%vs FY2024
Analyst consensus
RatingHold
Target price$61.50▲1.27%
10
Buy
18
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $0.69 · Revenue est $1.07B
View
Dividends
$0.24/shareQuarterlySafeFTV pays a dividend with a 0.4% dividend yield, growing at 4.41% annually, covered 10.6× by free cash flow.
Dividend Yield
0.4%
Annual Div / Share
$0.24
5yr CAGR
+4.41%
Doubles every ~16.1yr
Payout Ratio
15.34%
Safe
Dividend Growth Rate
3yr CAGR
+4.44%
5yr CAGR
+4.41%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.24-0.3%
2024$0.24+6.7%
2023$0.23+7.1%
2022$0.21+0.0%
2021$0.21+8.9%
2020$0.19+9.8%
2019$0.18+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$4/yr
$0/mo
In 5 yrs
$5/yr+24%
$0/mo
In 10 yrs
$6/yr+54%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$4/yr $0/mo | $5/yr+24% $0/mo | $6/yr+54% $1/mo |
Yield-on-cost grows from 0.4% → 0.61% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 10.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.