As of Friday close, Fortive Corporation’s (NYSE:FTV) stock was down -$1.59, moving down -2.43 percent to $63.93. The average number of shares traded per day over the past five days has been 2,782,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 1,969,970, while in the previous 50 days, it was 1,921,512.
Since last month, FTV stock retreated -8.07%. Shares of the company fell to $63.01 on 03/15/23, the lowest level in the past month. A 52-week high of $69.78 was reached on 02/09/23 after having rallying from a 52-week low of $52.47. Since the beginning of this year, FTV’s stock price has dropped by -0.50% or -$0.32, and marked a new high 15 times. However, the stock has declined by -8.39% since its 52-week high.
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FTV stock investors should be aware that Fortive Corporation (FTV) stock had its last reported insider trading activity 19 days ago on Feb 27. Walker Stacey A., the SVP – Human Resources of the company, disposed of 3,249 shares for $67.75 on Feb 27. It resulted in a $220,120 divestment by the insider. Walker Stacey A. sold 1,336 shares at an average price of $66.39 on Feb 23. The insider now owns 37,946 shares following the transaction. On Feb 17, SVP – Human Resources Walker Stacey A. sold 2,063 shares at $68.67 apiece. The transaction was valued at $141,666.
Right now, Fortive Corporation (FTV) has a P/E ratio of about 30.50. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 3.98, the price-to-book (PB) ratio of 2.33, and the price-to-cash flow ratio of 20.93 may also be considered.
The latest dividend of $0.07 per share was paid out, remained unchanged from last year’s $0.07.
In the three months ended December 30, Fortive Corporation’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.23, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 57.70% percent. In the year ended December 30, operating margins totaled 16.90%. Based on annual data, FTV earned $3.36 billion in gross profit and brought in $5.83 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.70%. Return on equity (ROE) for the past 12 months was 7.90%.
In Fortive Corporation’s quarter-end financial report for December 30, it reported total debt of $2.25 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FTV’s revenue rose 10.04% to $1.46 billion during the quarter, while net income inched up to $1.53 billion. While analysts expected Fortive Corporation to report $0.84 quarterly earnings, the actual figure was $0.88 per share, beating the consensus estimate by 4.80%. The liabilities of Fortive Corporation were 6.2 billion at the end of its most recent quarter ended December 30, and its total debt was $3.42 billion.
This quick technical analysis looks at Fortive Corporation’s (FTV) price momentum. With a historical volatility rate of 31.29%, the RSI 9-day stood at 37.60% on 17 March.
With respect to its five-day moving average, the current Fortive Corporation price is down by -0.76% percent or -$0.49. At present, FTV shares trade -6.94% below its 20-day simple moving average and +4.04% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.98% below its SMA50 and +3.50% above its SMA200.
Stochastic coefficient K was 28.22% and Stochastic coefficient D was 33.34%, while ATR was 1.83. Given the Stochastic reading of 16.23% for the 14-day period, the RSI (14) reading has been calculated as 39.91%. As of today, the MACD Oscillator reading stands at -0.82, while the 14-day reading stands at -1.54.
Morgan Stanley upgraded its rating on Fortive Corporation (NYSE: FTV) to an Overweight in a note to investors on October 12, 2022. The analysts firm previously had an Equal-weight rating on the stock.Fortive Corporation (FTV) has been rated Overweight by analysts. According to 0 brokerage firms, FTV is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Fortive Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $75.00, the current consensus forecast for the stock is $63.00 – $91.00. Based on these forecasts, analysts predict Fortive Corporation (FTV) will achieve an average price target of $75.41.