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NYSE:FTV

Fortive (FTV) Stock Price, News & Analysis

$86.02
0.00 (0.00%)
(As of 04:37 PM ET)
Today's Range
$85.66
$86.21
50-Day Range
$70.90
$86.29
52-Week Range
$62.70
$87.10
Volume
1.24 million shs
Average Volume
1.65 million shs
Market Capitalization
$30.23 billion
P/E Ratio
35.25
Dividend Yield
0.37%
Price Target
$83.85

Fortive MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
2.5% Downside
$83.85 Price Target
Short Interest
Healthy
0.96% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.65mentions of Fortive in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$5.48 M Sold Last Quarter
Proj. Earnings Growth
9.52%
From $3.78 to $4.14 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.32 out of 5 stars

Computer And Technology Sector

101st out of 587 stocks

Process Control Instruments Industry

4th out of 12 stocks

FTV stock logo

About Fortive Stock (NYSE:FTV)

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The Precision Technologies segment offers electrical test and measurement, sensing and material technologies for industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brand names. The Advanced Healthcare Solutions segment provides critical workflow solutions comprising instrument sterilization, instrument tracking, design and manufacture of cell therapy equipment, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, PROVATION, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

FTV Stock Price History

FTV Stock News Headlines

Fortive (NYSE:FTV) Hits New 52-Week High at $87.10
$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
FTV Apr 2024 85.000 put
FTV Mar 2024 80.000 put
Critical Insights From Fortive Analyst Ratings: What You Need To Know
A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
TER Jun 2024 80.000 call
Decoding Fortive Corp (FTV): A Strategic SWOT Insight
FTV Mar 2024 60.000 put
FTV Jan 2025 80.000 call
FTV Sep 2024 60.000 put
Fortive price target raised by $10 at Mizuho, here's why
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/22/2023
Dividend Payable
12/29/2023
Last Earnings
1/31/2024
Ex-Dividend for 3/28 Dividend
2/22/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Process control instruments
Sub-Industry
N/A
Fax
N/A
Employees
18,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$83.85
High Stock Price Target
$99.00
Low Stock Price Target
$70.00
Potential Upside/Downside
-2.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$865.80 million
Pretax Margin
16.34%

Debt

Sales & Book Value

Annual Sales
$6.07 billion
Cash Flow
$4.84 per share
Book Value
$29.38 per share

Miscellaneous

Free Float
348,042,000
Market Cap
$30.23 billion
Optionable
Optionable
Beta
1.13
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Should I Buy Fortive Stock? FTV Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Fortive was last updated on Tuesday, March 26, 2024 at 10:50 PM.

Pros

Here are some ways that investors could benefit from investing in Fortive Co.:

  • Fortive Co. has a strong financial position with a current ratio of 2.05 and a quick ratio of 1.75, indicating good liquidity and ability to meet short-term obligations.
  • The company's debt-to-equity ratio of 0.35 suggests a conservative capital structure, reducing financial risk for investors.
  • Fortive Co. reported a solid quarterly earnings performance, beating analysts' estimates with a net margin of 14.27% and a return on equity of 12.12%.
  • With a market capitalization of $29.88 billion, Fortive Co. is a well-established company with a strong market presence.
  • Investors can benefit from Fortive Co.'s dividend payout, offering a quarterly dividend of $0.08 per share and a yield of 0.38%.

Cons

Investors should be bearish about investing in Fortive Co. for these reasons:

  • Fortive Co.'s price-to-earnings ratio of 34.86 and PEG ratio of 2.65 may indicate that the stock is currently overvalued, potentially limiting upside potential for investors.
  • The company's 1-year high of $86.61 suggests that the stock may be trading near its peak, posing a risk of a price correction in the near future.
  • Fortive Co.'s beta of 1.13 indicates that the stock is slightly more volatile compared to the market, which may not be suitable for conservative investors.
  • Insider selling activity, such as the recent sale of shares by senior executives, could signal lack of confidence in the company's future performance.
  • Analysts' expectations of Fortive Co. posting 3.78 earnings per share for the current year may not meet market expectations, potentially leading to a negative impact on the stock price.

FTV Stock Analysis - Frequently Asked Questions

Should I buy or sell Fortive stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FTV shares.
View FTV analyst ratings
or view top-rated stocks.

What is Fortive's stock price target for 2024?

13 Wall Street research analysts have issued 12-month price targets for Fortive's stock. Their FTV share price targets range from $70.00 to $99.00. On average, they anticipate the company's stock price to reach $83.85 in the next year. This suggests that the stock has a possible downside of 2.5%.
View analysts price targets for FTV
or view top-rated stocks among Wall Street analysts.

How have FTV shares performed in 2024?

Fortive's stock was trading at $73.63 at the beginning of the year. Since then, FTV shares have increased by 16.8% and is now trading at $86.02.
View the best growth stocks for 2024 here
.

Are investors shorting Fortive?

Fortive saw a increase in short interest in February. As of February 29th, there was short interest totaling 3,300,000 shares, an increase of 8.2% from the February 14th total of 3,050,000 shares. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is currently 2.0 days.
View Fortive's Short Interest
.

When is Fortive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our FTV earnings forecast
.

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) posted its quarterly earnings results on Wednesday, January, 31st. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The technology company earned $1.58 billion during the quarter, compared to analyst estimates of $1.56 billion. Fortive had a trailing twelve-month return on equity of 12.12% and a net margin of 14.27%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS.
Read the conference call transcript
.

How often does Fortive pay dividends? What is the dividend yield for Fortive?

Fortive announced a quarterly dividend on Tuesday, January 23rd. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.08 per share on Thursday, March 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, February 22nd.
Read our dividend analysis for FTV
.

Is Fortive a good dividend stock?

Fortive (NYSE:FTV) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 7.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTV.

What guidance has Fortive issued on next quarter's earnings?

Fortive issued an update on its FY24 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of $3.73-3.85 for the period, compared to the consensus earnings per share estimate of $3.68. The company issued revenue guidance of ~$6.4-6.5 billion, compared to the consensus revenue estimate of $6.35 billion.

What is James A. Lico's approval rating as Fortive's CEO?

25 employees have rated Fortive Chief Executive Officer James A. Lico on Glassdoor.com. James A. Lico has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Fortive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortive investors own include Visa (V), Corbus Pharmaceuticals (CRBP), HP (HPQ), Lowe's Companies (LOW), NVIDIA (NVDA), Western Digital (WDC), Danaher (DHR), Micron Technology (MU), Intel (INTC) and Viveve Medical (VIVE).

Who are Fortive's major shareholders?

Fortive's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.15%), Vanguard Group Inc. (11.12%), Wellington Management Group LLP (4.65%), Royal Bank of Canada (3.11%), Flossbach Von Storch AG (3.16%) and Viking Global Investors LP (2.46%). Insiders that own company stock include Alan G Spoon, Barbara B Hulit, Charles E Mclaughlin, Christopher M Mulhall, Gwen L Shaneyfelt, Patrick K Murphy, Peter C Underwood, Peter C Underwood, Stacey A Walker, Steven M Rales and Tamara S Newcombe.
View institutional ownership trends
.

How do I buy shares of Fortive?

Shares of FTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FTV) was last updated on 3/28/2024 by MarketBeat.com Staff

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