With a market cap. of $17.4 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.
The Everett, Washington-based company is expected to release its fiscal Q3 2026 results before the market opens on Wednesday, Oct. 28. Ahead of this event, analysts project FTV to report an adjusted EPS of $0.70, a 2.9 growth from $0.68 in the year-ago quarter. It exceeded Wall Street's bottom-line estimates in each of the last four quarters.
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For fiscal 2026, analysts forecast the industrial conglomerate to post adjusted EPS of $3.02, up 11.4% from $2.71 in fiscal 2025.
www.barchart.com Over the past 52 weeks, Fortive shares have gained 18.4%, outperforming the broader S&P 500 Index's ($SPX) 14.5% rise and the State Street Industrial Select Sector SPDR ETF's (XLI) 8.7% return over the same period.
www.barchart.com 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.
Analysts' consensus view on FTV stock is cautious, with a "Hold" rating overall. Among 16 analysts covering the stock, three suggest a "Strong Buy," one gives a "Moderate Buy," 10 recommend a "Hold," and two have a "Strong Sell." The average analyst price target of $62.40, suggesting a potential upside of 6.9% from current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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