Andrew Obin, an analyst from Bank of America Securities, reiterated the Hold rating on Fortive (FTV – Research Report). The associated price target is $88.00.
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Andrew Obin has given his Hold rating due to a combination of factors surrounding Fortive’s financial performance and market conditions. Fortive’s fourth-quarter core operations fell short of consensus expectations in both revenue and margins, which contributed to a conservative outlook. The initial 2025 adjusted earnings per share (EPS) guidance also came in below the consensus, reflecting downward revisions primarily due to challenges in the Precision Technologies segment and uncertainties related to China, such as tariffs and trade restrictions.
Despite these challenges, there are positive aspects, including strong order growth in Precision Technologies and software segments, as well as share buybacks and a planned spin-off of Precision Technologies. However, given the below-average near-term earnings growth forecasted at 5% year-over-year for 2025, which is less than the median of 9% for comparable companies, Andrew Obin maintains a Neutral stance. This cautious position reflects the balance between the potential for future growth and the current financial constraints.
In another report released today, Wells Fargo also maintained a Hold rating on the stock with a $85.00 price target.
Based on the recent corporate insider activity of 66 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.