Fortive (FTV) Gets a Hold Rating from Rosenblatt Securities

By Austin Angelo

Rosenblatt Securities analyst Scott Graham maintained a Hold rating on Fortive (FTVResearch Report) today and set a price target of $78.00. The company’s shares closed last Monday at $77.83.

According to TipRanks.com, Graham is a 4-star analyst with an average return of 7.6% and a 62.1% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, AO Smith, and Pentair.

Currently, the analyst consensus on Fortive is a Moderate Buy with an average price target of $81.71.

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The company has a one-year high of $89.48 and a one-year low of $63.51. Currently, Fortive has an average volume of 1.53M.

Based on the recent corporate insider activity of 59 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.

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.

Fortive Corp. is a diversified industrial growth company, which designs, develops, manufactures, and markets professional and engineered products, software, and services for a variety of end markets. It operates through the following two segments: Professional Instrumentation and Industrial Technologies.