Fortive Corporation (NYSE:FTV) saw a downside of -0.74% to close Tuesday at $69.95 after subtracting -$0.52 on the day. The 5-day average trading volume is 1,839,860 shares of the company’s common stock. It has gained $71.86 in the past week. An average of 2,331,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,110,718.
FTV’s 1-month performance is -6.57% or -$5.36 on its low of $69.32 reached on 10/06/21. The company’s shares have touched a 52-week low of $60.82 and high of $76.51, with the stock’s rally to the 52-week high happening on 09/10/21. YTD, FTV has lost -1.23% or -$0.87. However, the current price is down -8.57%% from the 52-week high price.
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On Aug 06, 68 days have gone by since the last insider trading activity for Fortive Corporation (FTV). Underwood Peter C (SVP – General Counsel) most recently sold 3,522 shares at $74.27 per share on Aug 06. This transaction cost the insider $261,579. Director, RALES STEVEN M, sold 60,107 shares at a price of $69.79 on May 12. Then, on May 11, Director RALES STEVEN M sold 2,131,820 shares at a price of $70.13 per share. This transaction amounted to $149,494,283.
The company’s PE ratio for the last five years has touched a high of 47.71 and a low of 6.449. FTV stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.68 while the price-to-book (PB) in the most recent quarter is 2.58.
Fortive Corporation pays an annual dividend of $0.28 per share. Its dividend yield is 0.40%. FTV’s most recent quarterly dividend payment was made on Sep. 24, when it paid $0.07 a share compared with prior rate of $0.07, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive year.
It is projected that Fortive Corporation’s next ex-dividend date will be on 13-Dec. FTV is expected to distribute $0.07 as its next dividend.
Fortive Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.20 meaning that FTV stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.16, while the total debt to equity was 0.28. In terms of profitability, the gross margin trailing 12 months is 58.70%. The trailing 12-month EBITDA margin is 22.32%. The firm’s gross profit as reported stood at $2.61 billion against revenue of $4.63 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -19.06% to $1.32 billion, while revenue of $1.26 billion was 4.58% off the previous quarter. Analysts expected FTV to announce $0.6 per share in earnings in its latest quarter, but it posted $0.66, representing a 10.00% surprise. EBITDA for the quarter stood at more than $307.0 million. FTV stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.29 billion, with total debt at $2.77 billion. Shareholders hold equity totaling $358.39 million
Let’s look briefly at Fortive Corporation (FTV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 31.57% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.99%.
The stock’s 5-day moving average is $70.61, reflecting a -1.40% or -$0.99 change from its current price. FTV is currently trading -6.71% above its 20-day SMA, -0.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.83% and +0.45% respectively.
Stochastic %K and %D was 21.96% and 28.38% and the average true range (ATR) pointed at 1.29. The RSI (14) points at 35.60%, while the 14-day stochastic is at 12.85% with the period’s ATR at 1.28. The stock’s 9-day MACD Oscillator is pointing at -0.35 and -1.15 on the 14-day charts.
In the most recent analyst report for Fortive Corporation (NYSE: FTV), Wells Fargo launched coverage with an Equal weight rating. Analysts offering their rating for FTV stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FTV as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is FTV’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $72.00 and a high of $98.00, with their median price target at $84.50. Looking at these predictions, the average price target given by analysts is for Fortive Corporation (FTV) stock is $84.19.