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Fortive Corp (FTV)
NYSE:FTV
Fortive (FTV) Stock Price & Analysis
363 Followers
FTV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$62.85 - $87.00
Previous Close$75.59
Volume1.31M
Average Volume (3M)1.65M
Market Cap
$26.61B
Enterprise Value$28.37B
Total Cash (Recent Filing)$1.89B
Total Debt (Recent Filing)$3.65B
Price to Earnings (P/E)29.9
Beta1.07
Next Earnings
Jul 24, 2024EPS Estimate
$0.92Last Dividend Ex-Date
May 31, 2024Dividend Yield0.41%
Share Statistics
EPS (TTM)2.53
Shares Outstanding352,028,662
10 Day Avg. Volume1,402,294
30 Day Avg. Volume1,648,372
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/Revenue4.68
Enterprise Value/Gross Profit7.89
Enterprise Value/Ebitda24.17
Forecast
1Y Price Target
$89.44Price Target Upside18.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Fortive News
Bulls Say, Bears Say
Bulls Say
Capital Deployment StrategyEmerging investor approval of capital deployment can be powerful for the valuation.
Financial PerformanceQ1 organic growth rates in AHS, IOS, and PT segments exceeded estimates.
Product Launch And Market ExposureFluke's growth has remained resilient, driven by favorable end market exposure and four product launches.
Bears Say
Earnings GuidanceQ2 guidance was a touch light, and there appears to be no room for non-perfect earnings results.
Order TrendsOrder trends have remained sluggish this year, with sales likely down despite support from an excess backlog.
Sales RecoveryInvestors have dialed in on the PT segment, viewing a sales recovery as most susceptible to economic headwinds and the potential for normalization after notable 2020-2022 growth.
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Ownership Overview
3.92% Insiders
35.98% Mutual Funds
24.99% Other Institutional Investors
35.11% 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 $62.85 and its highest was $87.00 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 24, 2024 which is in 3 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 0.41%. 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 -5.756%.
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
1
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Analyst Consensus
Strong Buy
Average Price Target:
$89.44 (18.32% Upside)
$89.44 (18.32% Upside)
Blogger Sentiment
Bullish
FTV Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 843.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.3%
Last 30 Days ▲ 5.8%
Last 30 Days ▲ 5.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
2.07%
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
$89.44
▲(18.32% 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 12 months 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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