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Fortive Corp (FTV)
NYSE:FTV
Fortive (FTV) Stock Price & Analysis
367 Followers
FTV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$63.05 - $87.10
Previous Close$69.99
Volume2.62M
Average Volume (3M)1.66M
Market Cap
$24.52B
Enterprise Value$27.76B
Total Cash (Recent Filing)$704.60M
Total Debt (Recent Filing)$3.94B
Price to Earnings (P/E)28.1
Beta1.06
Next Earnings
Oct 24, 2024EPS Estimate
$0.93Last Dividend Ex-Date
May 31, 2024Dividend Yield0.44%
Share Statistics
EPS (TTM)2.49
Shares Outstanding352,028,662
10 Day Avg. Volume1,402,294
30 Day Avg. Volume1,660,958
Standard Deviation0.08
R-Squared0.60
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-13.20
Price to Sales (P/S)4.27
Price to Cash Flow (P/CF)14.50
P/FCF Ratio14.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.53
Enterprise Value/Gross Profit7.72
Enterprise Value/Ebitda22.42
Forecast
1Y Price Target
$83.50Price Target Upside17.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Fortive News
Bulls Say, Bears Say
Bulls Say
Capital DeploymentEmerging investor approval of capital deployment can be powerful for the valuation.
Financial PerformanceFTV's financial performance and profile are attractive compared to compounder peers, and if investors gain confidence in deployment, valuation is expected to re-rate higher towards the group.
Organic GrowthPrice and volume drove margin strength with organic growth +5% and margins +270bp y/y.
Bears Say
Investment DecisionsGeopolitical risk has negatively impacted customer investment decisions, especially outside the US.
Market OutlookThe anticipated improvement in China did not materialize, leading to a lower outlook for the region.
RevenueCustomer capital expenditure delays in both EA and Mil/Gov sectors, along with longer lead times, are expected to push revenue out of 2024.
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Ownership Overview
3.94% Insiders
36.16% Mutual Funds
26.31% Other Institutional Investors
33.60% 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 $63.05 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 Oct 24, 2024 which is in 90 days.
How were Fortive Corp’s earnings last quarter?
Fortive Corp released its earnings results on Jul 24, 2024. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.919 by $0.011.
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 0.44%. See more information on Fortive Corp dividends here
What is Fortive Corp’s EPS estimate?
Fortive Corp’s EPS estimate is $0.93.
How many shares outstanding does Fortive Corp have?
Fortive Corp has 350,341,670 shares outstanding.
What happened to Fortive Corp’s price movement after its last earnings report?
Fortive Corp reported an EPS of $0.93 in its last earnings report, beating expectations of $0.919. Following the earnings report the stock price went down -8.19%.
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 817M.
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Fortive Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$83.50 (17.62% Upside)
$83.50 (17.62% Upside)
Blogger Sentiment
Bullish
FTV Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 843.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days >0.1%
Last 30 Days ▲ 8.2%
Last 30 Days ▲ 8.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-5.23%
12-Months-Change
Fundamentals
Return on Equity
8.66%
Trailing 12-Months
Asset Growth
9.88%
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
Q2 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
$83.50
▲(17.62% Upside)
Technical Analysis
Best Analysts Covering FTV
1 Year
1 Year Success Rate
10/11 ratings generated profit
1 Year Average Return
+13.94%
reiterated a buy rating a year ago
Copying Joshua Pokrzywinski's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +13.94% per trade.
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