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NYSE:FTV

Fortive (FTV) Stock Price, News & Analysis

Fortive logo
$78.63 -0.33 (-0.42%)
(As of 12:58 PM ET)

About Fortive Stock (NYSE:FTV)

Key Stats

Today's Range
$77.74
$78.96
50-Day Range
$71.16
$79.69
52-Week Range
$66.15
$87.10
Volume
507,602 shs
Average Volume
2.00 million shs
Market Capitalization
$27.28 billion
P/E Ratio
31.33
Dividend Yield
0.41%
Price Target
$87.82
Consensus Rating
Moderate Buy

Company Overview

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.

Fortive Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

FTV MarketRank™: 

Fortive scored higher than 98% of companies evaluated by MarketBeat, and ranked 26th out of 663 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Fortive has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Fortive has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Fortive's stock forecast and price target.
  • Earnings Growth

    Earnings for Fortive are expected to grow by 7.79% in the coming year, from $3.85 to $4.15 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Fortive is 31.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Fortive is 31.18, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 220.60.

  • Price to Earnings Growth Ratio

    Fortive has a PEG Ratio of 2.18. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Fortive has a P/B Ratio of 2.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Fortive's valuation and earnings.
  • Percentage of Shares Shorted

    0.84% of the outstanding shares of Fortive have been sold short.
  • Short Interest Ratio / Days to Cover

    Fortive has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Fortive has recently decreased by 3.96%, indicating that investor sentiment is improving.
  • Dividend Yield

    Fortive has a dividend yield of 0.40%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Fortive does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Fortive is 12.75%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Fortive will have a dividend payout ratio of 7.71% next year. This indicates that Fortive will be able to sustain or increase its dividend.

  • Read more about Fortive's dividend.
  • Percentage of Shares Shorted

    0.84% of the outstanding shares of Fortive have been sold short.
  • Short Interest Ratio / Days to Cover

    Fortive has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Fortive has recently decreased by 3.96%, indicating that investor sentiment is improving.
  • News Sentiment

    Fortive has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Fortive this week, compared to 9 articles on an average week.
  • MarketBeat Follows

    4 people have added Fortive to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Fortive insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,261,051.00 in company stock.

  • Percentage Held by Insiders

    Only 1.01% of the stock of Fortive is held by insiders.

  • Percentage Held by Institutions

    94.94% of the stock of Fortive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Fortive's insider trading history.
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FTV Stock News Headlines

This company will win the AI race
Rome wasn’t built in a day… But there is another lesser-known type of keystone, one that plays an equally critical role in supporting the most revolutionary technology the world’s ever seen… artificial intelligence. And without it, the entire AI industry would collapse.
Three Reasons Why FTV is Risky and One Stock to Buy Instead
Calculating The Fair Value Of Fortive Corporation (NYSE:FTV)
Do Wall Street Analysts Like Fortive Stock?
Fortive downgraded to Hold from Buy at Argus
See More Headlines

FTV Stock Analysis - Frequently Asked Questions

Fortive's stock was trading at $73.63 at the start of the year. Since then, FTV shares have increased by 6.3% and is now trading at $78.27.
View the best growth stocks for 2024 here
.

Fortive Co. (NYSE:FTV) announced its quarterly earnings data on Wednesday, October, 30th. The technology company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. The business's quarterly revenue was up 2.7% compared to the same quarter last year.
Read the conference call transcript
.

Fortive's top institutional investors include State Street Corp (4.01%), Geode Capital Management LLC (2.36%), Janus Henderson Group PLC (2.32%) and FMR LLC (1.92%). Insiders that own company stock include Alan G Spoon, Charles E Mclaughlin, Jonathan L Schwarz, Patrick K Murphy, Tamara S Newcombe, Peter C Underwood, Stacey A Walker and Christopher M Mulhall.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortive investors own include NVIDIA (NVDA), Meta Platforms (META), Visa (V), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE) and Netflix (NFLX).

Company Calendar

Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Last Earnings
10/30/2024
Ex-Dividend for 12/27 Dividend
11/29/2024
Today
12/03/2024
Dividend Payable
12/27/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/29/2025

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
$87.82
High Stock Price Target
$98.00
Low Stock Price Target
$77.00
Potential Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$865.80 million
Pretax Margin
15.70%

Debt

Sales & Book Value

Annual Sales
$6.07 billion
Cash Flow
$4.75 per share
Book Value
$29.38 per share

Miscellaneous

Free Float
343,445,000
Market Cap
$27.40 billion
Optionable
Optionable
Beta
1.14

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This page (NYSE:FTV) was last updated on 12/3/2024 by MarketBeat.com Staff
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