With a market cap of $18.6 billion, Fortive Corporation (FTV) is a global innovator of essential technologies that help keep the world safe and productive, with its strategic segments focused on Intelligent Operating Solutions and Advanced Healthcare Solutions. It operates across approximately 50 countries and drives growth through its iconic brands, innovative technologies, and culture of continuous improvement powered by the Fortive Business System.
Shares of Fortive have outperformed the broader market over the past 52 weeks. FTV stock has increased 28.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.2%. However, the stock is up 10.7% on a YTD basis, lagging behind SPX’s 13.2% return.
Zooming in further, shares of the Everett, Washington-based company also outpaced the State Street Industrial Select Sector SPDR ETF’s (XLI) 22.7% rise over the past 52 weeks.
Fortive reported better-than-expected Q2 2026 adjusted EPS of $0.74 and revenue increased about 8% to $1.1 billion on Jul. 29. The company raised its 2026 adjusted EPS forecast to $2.95 - $3.05, supported by resilient demand for its industrial automation business. Strong demand for industrial measurement equipment and software-enabled automation, driven by businesses investing to optimize operations.
For the fiscal year ending in December 2026, analysts expect Fortive’s adjusted EPS to grow 11.1% year-over-year to $3.01. The company's earnings surprise history is promising. It beat the consensus estimates in each of the last four quarters.
Among the 16 analysts covering the stock, the consensus rating is a “Hold.” That’s based on three “Strong Buy” ratings, one “Moderate Buy,” 10 “Holds,” and two “Strong Sells.”
This configuration has remained unchanged over the past three months.
On Jul. 31, Seaport Global reiterated a “Buy” rating on Fortive and maintained its $70 price target.
The mean price target of $63.93 represents a 4.9% premium to FTV’s current price levels. The Street-high price target of $70 suggests a 14.8% potential upside.
