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Fortive Corp (FTV)
NYSE:FTV
Fortive (FTV) Stock Price & Analysis
356 Followers
FTV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$62.92 - $87.10
Previous Close$76.83
Volume250.08K
Average Volume (3M)1.63M
Market Cap
$27.27B
Enterprise Value$29.07B
Total Cash (Recent Filing)$714.10M
Total Debt (Recent Filing)$2.73B
Price to Earnings (P/E)30.4
Beta1.09
Next Earnings
Jul 25, 2024EPS Estimate
$0.92Next Dividend Ex-Date
May 31, 2024Dividend Yield0.39%
Share Statistics
EPS (TTM)2.53
Shares Outstanding352,028,662
10 Day Avg. Volume1,687,912
30 Day Avg. Volume1,634,236
Standard Deviation0.08
R-Squared0.62
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-13.79
Price to Sales (P/S)4.64
Price to Cash Flow (P/CF)15.10
P/FCF Ratio15.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.84
Enterprise Value/Gross Profit8.64
Enterprise Value/Ebitda25.10
Forecast
1Y Price Target
$92.10Price Target Upside18.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Fortive News
Bulls Say, Bears Say
Bulls Say
Growth StrategyFortive is a high-quality diversified industrial growth company, providing workflow solutions targeting field, facility and healthcare safety, reliability and productivity and accelerating new product innovations.
Product PerformanceFluke's growth has remained resilient, driven by favorable end market exposure and new product launches.
Stock ValuationPullback creates attractive opportunity relative to the analyst's unchanged target price.
Bears Say
Acquisition ImpactRecent EA deal indicates difficulty in generating year-one EPS accretion due to the cost of financing, suggesting earnings upside from in-year acquisitions is unlikely.
Analyst SentimentAnalyst downgrades FTV to Neutral from Overweight and removes it from the Analyst Focus List due to risks to PT/Tek recovery and sluggish order trends.
GuidanceQ2 guidance was a touch light, indicating possible concerns for the next quarter's performance.
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Ownership Overview
3.91% Insiders
35.05% Mutual Funds
33.09% Other Institutional Investors
27.95% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FTV FAQ
What was Fortive Corp’s price range in the past 12 months?
Fortive Corp lowest stock price was $62.91 and its highest was $87.10 in the past 12 months.
What is Fortive Corp’s market cap?
Currently, no data Available
When is Fortive Corp’s upcoming earnings report date?
Fortive Corp’s upcoming earnings report date is Jul 25, 2024 which is in 72 days.
How were Fortive Corp’s earnings last quarter?
Fortive Corp released its earnings results on Apr 24, 2024. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.797 by $0.033.
Is Fortive Corp overvalued?
According to Wall Street analysts Fortive Corp’s price is currently Undervalued.
Does Fortive Corp pay dividends?
Fortive Corp pays a Quarterly dividend of $0.08 which represents an annual dividend yield of 0.39%. See more information on Fortive Corp dividends here
What is Fortive Corp’s EPS estimate?
Fortive Corp’s EPS estimate is $0.92.
How many shares outstanding does Fortive Corp have?
Fortive Corp has 352,028,660 shares outstanding.
What happened to Fortive Corp’s price movement after its last earnings report?
Fortive Corp reported an EPS of $0.83 in its last earnings report, beating expectations of $0.797. Following the earnings report the stock price went down -5.762%.
Which hedge fund is a major shareholder of Fortive Corp?
Among the largest hedge funds holding Fortive Corp’s share is Viking Global Investors LP. It holds Fortive Corp’s shares valued at 775M.
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Fortive Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$92.10 (18.88% Upside)
$92.10 (18.88% Upside)
Blogger Sentiment
Bullish
FTV Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 1.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.9%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
19.59%
12-Months-Change
Fundamentals
Return on Equity
8.84%
Trailing 12-Months
Asset Growth
10.85%
Trailing 12-Months
Company Description
Fortive Corp
Incorporated in 2015 and headquartered in Washington, Fortive Corp. is a diversified industrial growth company. The company is engaged in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the Professional Instrumentation and Industrial Technologies segments.
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FTV Company Deck
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FTV Earnings Call
Q1 2024
0:00 / 0:00
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FTV Sales Breakdown
43.07% Intelligent Operating Solutions
35.16% Precision Technologies
21.77% Advanced Healthcare Solutions
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FTV Stock 12 Month Forecast
Average Price Target
$92.10
▲(18.88% Upside)
Technical Analysis
Best Analysts Covering FTV
1 Year
1 Year Success Rate
20/25 ratings generated profit
1 Year Average Return
+13.12%
reiterated a buy rating last month
Copying Julian Mitchell's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +13.12% per trade.
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