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

By Jason Carr

Rosenblatt Securities analyst Scott Graham reiterated a Hold rating on Fortive (FTVResearch Report) yesterday and set a price target of $77.00. The company’s shares closed last Monday at $71.63.

According to, Graham is a 4-star analyst with an average return of 7.8% and a 63.7% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as AO Smith, Ametek, and IDEX.

Currently, the analyst consensus on Fortive is a Moderate Buy with an average price target of $76.88, a 7.6% upside from current levels. In a report issued on November 15, J.P. Morgan also resumed coverage with a Hold rating on the stock with a $72.00 price target.

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The company has a one-year high of $89.48 and a one-year low of $62.89. Currently, Fortive has an average volume of 2.09M.

Based on the recent corporate insider activity of 56 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.