Fortive (FTV) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $76.98 to $78.59
• 50-Day Range: $71.16 to $79.18
• 52-Week Range: $66.15 to $87.10
• Volume: 3.21 million shs
• Average Volume: 3.26 million shs
• Market Capitalization: $27.21 billion
• P/E Ratio: 31.24
• Dividend Yield: 0.41%
• Price Target: $87.82
• Consensus Rating: Moderate Buy

Fortive Stock Analysis - MarketRank™

Fortive scored higher than 98% of companies evaluated by MarketBeat, and ranked 27th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.79%

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 31.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortive is 31.24, 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 206.50.

Price to Earnings Growth Ratio

Fortive has a PEG Ratio of 2.11. 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 2.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.87% 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 1.2, 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 14.65%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Fortive has a dividend yield of 0.42%, 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.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -1.57

Percentage of Shares Shorted

0.87% 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 1.2, 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 14.65%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.10

News Sentiment

Fortive has a news sentiment score of 1.10. 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 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Fortive this week, compared to 8 articles on an average week.

MarketBeat Follows

3 people have added Fortive to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

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 stock has increased by 6.5% and is now trading at $78.42.
View the best growth stocks for 2024 here.

How were Fortive's earnings last quarter?

Fortive Co. (NYSE:FTV) issued its earnings results 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 company's revenue for the quarter was up 2.7% on a year-over-year basis.
Read the conference call transcript.

Who are Fortive's major shareholders?

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, Christopher M Mulhall 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 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
• Today: 11/23/2024
• Ex-Dividend for 12/27 Dividend: 11/29/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Process control instruments
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: NYSE:FTV
• CUSIP: N/A
• CIK: 1659166
• Web: www.fortive.com
• Phone: (425) 446-5000
• 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: +12.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.51
• Trailing P/E Ratio: 31.24
• Forward P/E Ratio: 20.37
• P/E Growth: 2.11
• Net Income: $865.80 million
• Net Margins: 14.35%
• Pretax Margin: 15.70%
• Return on Equity: 12.56%
• Return on Assets: 7.60%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 1.25
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $6.07 billion
• Price / Sales: 4.49
• Cash Flow: $4.86 per share
• Price / Cash Flow: 16.13
• Book Value: $30.44 per share
• Price / Book: 2.58

Miscellaneous

• Outstanding Shares: 346,950,000
• Free Float: 343,445,000
• Market Cap: $27.21 billion
• Optionable: Optionable
• Beta: 1.13