JP Morgan Cuts Fortive (FTV) Price Target to $56

JP Morgan reiterated its Underweight rating on Fortive Corporation (NYSE: FTV) on October 9, 2026, with a new price target of $56, down from $64. The firm believes the stock may not perform as well as others in the sector, reflecting concerns about its growth outlook and market position.

Other Institutional Activity in Fortive

Dodge & Cox Inc. increased its stake by 824,270 shares, bringing its total to about 43.98 million shares worth approximately $2.54 billion. Meanwhile, Blackrock Inc. reduced its holdings by 5,003,475 shares, now holding about 26.62 million shares valued at around $1.54 billion. Price (T. Rowe) Associates Inc. added 661,850 shares, totaling about 24.38 million shares worth approximately $1.41 billion. Vanguard Capital Management LLC trimmed its position by 270,779 shares, ending up with about 19.94 million shares valued at around $1.15 billion. Viking Global Investors, L.P. decreased its stake by 2,544,672 shares, holding roughly 19.93 million shares worth about $1.15 billion.

Fortive Corporation Stock Down 0.8%

Fortive shares recently traded around $57.29 as of October 16, 2026. This price is approximately 2.3% above JP Morgan's target of $56, indicating that the stock is positioned relatively well despite the downgrade. The company has shown a revenue growth of 7.9% year-over-year, and its share price has been fluctuating near this level.

Recent Earnings

Fortive reported trailing twelve-month revenue of approximately $4.32 billion, with an earnings per share (EPS) of $1.89. The company has a net margin of 12.4% and a return on equity (ROE) of 7.3%. Fortive is scheduled to announce its next earnings on October 28, 2026.

Insider Buying and Selling at Fortive Corporation

On May 4, 2026, Officer Peter C Underwood sold 47,557 shares at an average price of $60.81, totaling about $2.89 million. Director Wright Lassiter III bought 4 shares on July 2, 2026, for $257 at an average price of $62.12. On August 10, 2026, Underwood sold an additional 8,662 shares at an average price of $61.59, valued at approximately $533,493. Lassiter III also bought 5 shares on September 25, 2026, for $300, averaging $55.92 per share.

Analysts Set New Price Targets

On October 9, 2026, JP Morgan maintained its Underweight rating for Fortive with a target price of $56, down from $64. Earlier, on October 5, 2026, Truist Securities maintained a Hold rating with a target of $63, while Argus Research reiterated a Buy rating with a target of $68 on August 19, 2026. The consensus among analysts shows a mix of ratings with a target mean price of around $64.

About Fortive Corporation

Fortive Corporation is a technology company that designs, develops, and sells various products and services, particularly in the scientific and technical instruments sector. Its operations span the United States, China, and internationally, driven by its Intelligent Operating Solutions and Advanced Healthcare Solutions segments.

Bottom Line

Investors should keep an eye on Fortive as it prepares to report earnings on October 28, 2026. With a recent downgrade from JP Morgan, the market will be watching how the company performs against its expectations.