Fortive Corporation (NYSE: FTV) is -18.44% lower on its value in year-to-date trading and has touched a low of $52.47 and a high of $79.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FTV stock was last observed hovering at around $63.27 in the last trading session, with the day’s loss setting it -1.05% off its average median price target of $72.00 for the next 12 months. It is also 29.3% off the consensus price target high of $88.00 offered by 21 analysts, but current levels are -3.7% lower than the price target low of $60.00 for the same period.
Currently trading at $62.22, the stock is -3.46% and -1.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing -1.66% at the moment leaves the stock -1.95% off its SMA200. FTV registered -13.86% loss for a year compared to 6-month gain of 1.30%. The firm has a 50-day simple moving average (SMA 50) of $4.67 and a 200-day simple moving average (SMA200) of $20.15.
The stock witnessed a -5.25% loss in the last 1 month and extending the period to 3 months gives it a 14.08%, and is -2.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.09% over the month.
Fortive Corporation (FTV) has around 18000 employees, a market worth around $22.68B and $5.52B in sales. Current P/E ratio is 34.32 and Fwd P/E is 18.34. Profit margin for the company is 11.90%. Distance from 52-week low is 18.58% and -22.10% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
Fortive Corporation (FTV) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fortive Corporation (FTV) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.10, where 7 rate it as a Hold and 4 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Fortive Corporation is expected to release its quarterly report on 10/27/2022.The EPS is expected to shrink by -57.30% this year
Fortive Corporation (FTV) Top Institutional Holders
The shares outstanding are 357.40M, and float is at 350.43M with Short Float at 1.16%.
Fortive Corporation (FTV) Insider Activity
A total of 20 insider transactions have happened at Fortive Corporation (FTV) in the last six months, with sales accounting for 4 and purchases happening 16 times. The most recent transaction is an insider purchase by SPOON ALAN G, the company’s Director. SEC filings show that SPOON ALAN G bought 17,400 shares of the company’s common stock on May 02 at a price of $58.25 per share for a total of $1.01 million. Following the purchase, the insider now owns 98861.0 shares.
Fortive Corporation disclosed in a document filed with the SEC on Feb 28 that Walker Stacey A. (SVP – Human Resources) sold a total of 1,080 shares of the company’s common stock. The trade occurred on Feb 28 and was made at $64.43 per share for $69584.0. Following the transaction, the insider now directly holds 41170.0 shares of the FTV stock.
Still, SEC filings show that on Feb 28, Mulhall Christopher M. (VP – Chief Accounting Officer) disposed off 118 shares at an average price of $64.43 for $7603.0. The insider now directly holds 2,601 shares of Fortive Corporation (FTV).
Fortive Corporation (FTV): Who are the competitors?
The company’s main competitors (and peers) include Emerson Electric Co. (EMR) that is trading -18.34% down over the past 12 months and Keysight Technologies Inc. (KEYS) that is -6.99% lower over the same period. Mettler-Toledo International Inc. (MTD) is -24.44% down on the 1-year trading charts.