Fortive delivers exceptional free cash flow conversion at 175% of net income and has recovered to two consecutive earnings beats, but technical momentum has weakened — with on-balance volume in a declining trend — and the stock sits just 3.1% below its near-term resistance target with an unfavorable risk/reward, warranting a hold-and-wait posture.
Thesis pillars
- Exceptional Cash Flow Quality→Stable
- Improving Earnings Execution↑Improving
- Weakening Technical Momentum↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026
Fortive Corporation (FTV) Stock Analysis
Technology · Scientific & Technical Instruments
Hold if already holding. Not a fresh buy at $64.11, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: single supplier components; Analyst target reached - limited upside remaining.
Fortive Corporation designs and markets professional instruments, software, and services through two segments: Intelligent Operating Solutions (FLUKE, ACCRUENT, GORDIAN brands) and Advanced Healthcare Solutions (ASP, LANDAUER, PROVATION brands), employing over 10,000 people... Read more
Hold if already holding. Not a fresh buy at $64.11, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: single supplier components; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.4/10, moderate confidence.
Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Fortive Corporation
About Fortive Corporation
Fortive Corporation restructured its portfolio on June 28, 2025 by separating its Precision Technologies segment as Ralliant Corporation, a tax-free spin-off, focusing the company on two segments: Intelligent Operating Solutions and Advanced Healthcare Solutions, with a workforce of over 10,000 professionals in approximately 50 countries. Intelligent Operating Solutions brands include FLUKE, SERVICECHANNEL, GORDIAN, ACCRUENT, and INDUSTRIAL SCIENTIFIC; Advanced Healthcare Solutions brands include ASP, CENSIS, FLUKE BIOMEDICAL, LANDAUER, and PROVATION.
Fortive earns revenue through sales of instruments, software, and services to tens of thousands of industrial and healthcare customers. Intelligent Operating Solutions supplies test and measurement tools, facility and asset lifecycle software, and connected worker safety solutions to electrical engineers, facility managers, EHS professionals, and maintenance technicians across manufacturing, utilities, and communications industries. Advanced Healthcare Solutions addresses sterilization, biomedical testing, radiation dosimetry, and clinical documentation needs for hospital and surgical center operators. The company sells through direct and distributor channels; government entities represent a portion of each segment's revenue under agreements subject to statutes that apply to companies doing business with governments. Some specialty components depend on single or limited suppliers, though no single raw material supplier is described as material in aggregate. Fortive competes across highly fragmented markets against both multinational suppliers and regional specialists.
Show full overview
The Advanced Healthcare Solutions segment produces medical devices regulated by the U.S. FDA under the Federal Food, Drug and Cosmetic Act, with modifications to cleared devices potentially requiring new 510(k) filings and associated FDA user fees. Products for the European Economic Area must conform to the Medical Devices Regulation effective May 26, 2021, with a CE certificate from a notified body required before market access; the UK separately requires a UKCA Certificate. This multi-jurisdictional framework subjects AHS manufacturing facilities to routine FDA inspection and comparable foreign authority audits throughout the product lifecycle, and may result in ongoing compliance costs as requirements evolve.
See also: Technology · Scientific & Technical Instruments
From Fortive Corporation's most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-10-29Recent Developments — Fortive Corporation
Latest news
- NEWS Fortive (NYSE:FTV) Shares Down 9.1% - Here's What Happened - MarketBeat — MarketBeat negative
- NEWS FTV Q2 Earnings Beat on Core Growth, Guidance Raised - TradingView — TradingView positive
- NEWS FTV Q2 Earnings Beat on Core Growth, Guidance Raised - tradingview.com — tradingview.com positive
- NEWS Compared to Estimates, Fortive (FTV) Q2 Earnings: A Look at Key Metrics - Yahoo Finance — Yahoo Finance neutral
- NEWS Compared to Estimates, Fortive (FTV) Q2 Earnings: A Look at Key Metrics - finance.yahoo.com — finance.yahoo.com neutral
Generated 2026-10-29T11:48:39Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSuppliersingle supplier components10-K Item 1: 'some components that require particular specifications or qualifications are dependent on a single supplier or a limited number of suppliers that can readily provide such components'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $64.11, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: single supplier components; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Analyst target $54.62 reached (−14.8%), stop $61.11 (−4.9%), A.R:R -1.0:1. Score 5.4/10, moderate confidence.
Analyst target $54.62 reached (−14.8% from $64.11); no take-profit level is published. Analyst target $54.62 reached (−14.8%), stop $61.11 (−4.9%), A.R:R -1.0:1. Stop-loss: $61.11.
Concentration risk — Supplier: single supplier components; Analyst target reached - limited upside remaining; Near 52-week high (4.4% away).
Fortive Corporation trades at a P/E of 30.4 (forward 19.7). TrendMatrix value score: 5.6/10. Verdict: Hold.
22 analysts cover FTV with a consensus score of 3.4/5. Average price target: $63.
What does Fortive Corporation do?Fortive Corporation designs and markets professional instruments, software, and services through two segments:...
Fortive Corporation designs and markets professional instruments, software, and services through two segments: Intelligent Operating Solutions (FLUKE, ACCRUENT, GORDIAN brands) and Advanced Healthcare Solutions (ASP, LANDAUER, PROVATION brands), employing over 10,000 people across approximately 50 countries. After spinning off its Precision Technologies segment as Ralliant in June 2025, the company focuses on safety and productivity tools and clinical workflow solutions sold to industrial, healthcare, and government customers.