Rosenblatt Securities Sticks to Its Hold Rating for Fortive (FTV)

By Jason Carr

Rosenblatt Securities analyst Scott Graham maintained a Hold rating on Fortive (FTVResearch Report) yesterday and set a price target of $77.00. The company’s shares closed last Monday at $74.93.

According to, Graham is a 4-star analyst with an average return of 7.4% and a 62.3% 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 $81.57.

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Based on Fortive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.86 billion and net profit of $207 million. In comparison, last year the company had a net profit of $2.11 billion.

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.

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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.