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Fortive Corp (FTV)
NYSE:FTV
Fortive (FTV) Stock Price & Analysis
351 Followers
FTV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$62.44 - $87.10
Previous Close$81.04
Volume712.85K
Average Volume (3M)1.64M
Market Cap
$28.27B
Enterprise Value$30.70B
Total Cash (Recent Filing)$714.10M
Total Debt (Recent Filing)$2.73B
Price to Earnings (P/E)33.5
Beta1.09
Next Earnings
Apr 24, 2024EPS Estimate
$0.79Next Dividend Ex-Date
May 31, 2024Dividend Yield0.37%
Share Statistics
EPS (TTM)2.44
Shares Outstanding351,379,735
10 Day Avg. Volume1,312,045
30 Day Avg. Volume1,637,449
Standard Deviation0.08
R-Squared0.61
Alpha-0.00984
Financial Highlights & Ratios
Price to Book (P/B)-14.75
Price to Sales (P/S)4.92
Price to Cash Flow (P/CF)16.20
P/FCF Ratio16.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.11
Enterprise Value/Gross Profit9.13
Enterprise Value/Ebitda26.51
Forecast
1Y Price Target
$91.25Price Target Upside14.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Fortive News
PremiumCompany Announcements
Fortive Corp’s Strategic Financial Maneuver with €1.2B Notes Offering
Bulls Say, Bears Say
Bulls Say
Financial PerformanceClean 4Q sales/EPS beat, highlighting the durability and potential of its segment structure.
Product Innovation And Market ResilienceFortive is a high-quality diversified industrial 'growth' company, accelerating new product innovations.
Strategic AcquisitionsRecent acquisitions ServiceChannel and Provation are showing strategic and financial progress with advancing ROICs.
Bears Say
Company OutlookConcerns arise around businesses like Tek, projecting a mere 1% growth, hinting at potential underperformance in the upcoming year.
Earnings GuidanceExpectations for EPS growth are heavily reliant on the latter half of the year, with limited room for upward revisions in guidance as the company plans to reduce existing backlog.
Market ExpansionAnalyst's sentiment reflects a stagnation in growth prospects within China due to distributors and channel partners expressing caution.
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Ownership Overview
3.91% Insiders
35.47% Mutual Funds
23.52% Other Institutional Investors
37.09% 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 $62.44 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 Apr 24, 2024 which is in 6 days.
How were Fortive Corp’s earnings last quarter?
Fortive Corp released its earnings results on Jan 31, 2024. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.938 by $0.042.
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 0.37%. See more information on Fortive Corp dividends here
What is Fortive Corp’s EPS estimate?
Fortive Corp’s EPS estimate is $0.79.
How many shares outstanding does Fortive Corp have?
Fortive Corp has 351,379,730 shares outstanding.
What happened to Fortive Corp’s price movement after its last earnings report?
Fortive Corp reported an EPS of $0.98 in its last earnings report, beating expectations of $0.938. Following the earnings report the stock price went up 4.65%.
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
Neutral
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$91.25 (14.21% Upside)
$91.25 (14.21% Upside)
Blogger Sentiment
Bullish
FTV Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 1.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $22.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 7.6%
Last 30 Days ▼ 7.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
21.14%
12-Months-Change
Fundamentals
Return on Equity
8.66%
Trailing 12-Months
Asset Growth
6.43%
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
Q4 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 Months Forecast
Average Price Target
$91.25
▲(14.21% Upside)
Technical Analysis
Best Analysts Covering FTV
1 Year
1 Year Success Rate
16/19 ratings generated profit
1 Year Average Return
+13.21%
reiterated a buy rating 10 days ago
Copying Andrew Kaplowitz's trades and holding each position for 1 Year would result in 84.21% of your transactions generating a profit, with an average return of +13.21% per trade.
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