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NYSE:FTV

Fortive (FTV) Stock Price, News & Analysis

$70.67
-2.13 (-2.93%)
(As of 09/6/2024 ET)
Today's Range
$70.48
$72.90
50-Day Range
$67.06
$78.92
52-Week Range
$63.05
$87.10
Volume
4.42 million shs
Average Volume
1.80 million shs
Market Capitalization
$24.88 billion
P/E Ratio
27.93
Dividend Yield
0.45%
Price Target
$86.23

Fortive MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
22.0% Upside
$86.23 Price Target
Short Interest
Healthy
0.60% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.57
Upright™ Environmental Score
News Sentiment
0.44mentions of Fortive in the last 14 days
Based on 38 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.64%
From $3.82 to $4.15 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.

4.73 out of 5 stars

Computer And Technology Sector

64th out of 594 stocks

Process Control Instruments Industry

4th out of 13 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

Wolfe Research Downgrades Fortive (FTV)
The death of Nvidia?
Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.
Raymond James Upgrades Fortive (FTV)
Fortive (NYSE:FTV) Rating Lowered to Hold at StockNews.com
Fortive (NYSE:FTV) Upgraded to Outperform by Raymond James
Seaport Global Reaffirms Their Buy Rating on Fortive (FTV)
The death of Nvidia?
Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.
Fortive (FTV): New Buy Recommendation for This Technology Giant
Foundational Oregon tech company gets new owner in spinoff deal
Biggest stock movers today: FTV, CHPT, AI, and more
After-hours movers: HPE, Topgolf Callaway, Fortive and more
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
5/31/2024
Dividend Payable
6/28/2024
Last Earnings
7/24/2024
Today
9/07/2024
Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$86.23
High Stock Price Target
$98.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+22.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

Net Income
$865.80 million
Pretax Margin
16.20%

Debt

Sales & Book Value

Annual Sales
$6.16 billion
Cash Flow
$4.53 per share
Book Value
$29.99 per share

Miscellaneous

Free Float
348,474,000
Market Cap
$24.88 billion
Optionable
Optionable
Beta
1.12
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Should I Buy Fortive Stock? FTV Pros and Cons Explained

Pros

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

  • Fortive Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's stock price has been relatively stable, providing a sense of security for investors.
  • Fortive Co. has a healthy return on equity of 12.32%, showcasing efficient utilization of shareholder funds.
  • With a market cap of $25.99 billion, Fortive Co. is a well-established player in the technology industry, offering stability and potential growth.
  • The company's current ratio of 1.23 and quick ratio of 0.95 suggest strong liquidity positions, reducing financial risk.

Cons

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

  • Fortive Co.'s stock performance has shown some volatility recently, which may concern risk-averse investors.
  • The company's PEG ratio of 2.06 indicates that the stock may be overvalued based on its future growth prospects.
  • Fortive Co. reported a net margin of 14.39%, which is lower compared to some of its industry peers, potentially signaling lower profitability.
  • The 50-day moving average of the stock is below the 200-day moving average, suggesting a possible bearish trend in the short to medium term.
  • Analysts have slightly lowered their revenue expectations for Fortive Co., which could impact future stock performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Fortive pros and cons to contact@marketbeat.com.

FTV Stock Analysis - Frequently Asked Questions

How have FTV shares performed this year?

Fortive's stock was trading at $73.63 at the beginning of 2024. Since then, FTV shares have decreased by 4.0% and is now trading at $70.67.
View the best growth stocks for 2024 here
.

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) announced its quarterly earnings results on Wednesday, July, 24th. The technology company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.01. The business's revenue for the quarter was up 1.7% on a year-over-year basis.
Read the conference call transcript
.

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.

Who are Fortive's major shareholders?

Top institutional investors of Fortive include Dimensional Fund Advisors LP (0.76%), Select Equity Group L.P. (0.75%), Canada Pension Plan Investment Board (0.73%) and American Century Companies Inc. (0.70%). Insiders that own company stock include Alan G Spoon, Charles E Mclaughlin, Patrick K Murphy, Tamara S Newcombe, Stacey A Walker, Christopher M Mulhall, Peter C Underwood and Barbara B Hulit.
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.

What other stocks do shareholders of Fortive own?

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

This page (NYSE:FTV) was last updated on 9/7/2024 by MarketBeat.com Staff

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