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Is Fortive Corp (FTV) a good stock to buy now?

Fortive Corp (NYSE: FTV) is -0.65% lower on its value in year-to-date trading and has touched a low of $63.05 and a high of $87.10 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 $72.75 in the last trading session, with the day’s gains setting it 0.4%.

Currently trading at $73.15, the stock is -2.94% and -6.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.55% at the moment leaves the stock -3.83% off its SMA200. FTV registered 6.94% gain for a year compared to 6-month gain of 5.92%.

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The stock witnessed a -5.59% loss in the last 1 month and extending the period to 3 months gives it a -13.81%, and is 0.27% up 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 1.28% over the week and 1.35% over the month.

Fortive Corp (FTV) has around 18000 employees, a market worth around $25.75B and $6.13B in sales. Current P/E ratio is 28.90 and Fwd P/E is 17.54. Profit margin for the company is 14.68%. Distance from 52-week low is 16.02% and -16.02% from its 52-week high. The company has generated returns on investments over the last 12 months (6.16%).

The EPS is expected to grow by 11.04% this year.

Fortive Corp (FTV) Top Institutional Holders

The shares outstanding are 352.03M, and float is at 350.73M with Short Float at 0.65%.

Fortive Corp (FTV) Insider Activity

The most recent transaction is an insider sale by Walker Stacey A.,the company’sSVP – Human Resources. SEC filings show that Walker Stacey A. sold 842 shares of the company’s common stock on Feb 29 ’24 at a price of $85.11 per share for a total of $71663.0. Following the sale, the insider now owns 35716.0 shares.

Fortive Corp disclosed in a document filed with the SEC on Feb 28 ’24 that McLaughlin Charles E (SVP – Chief Financial Officer) sold a total of 40,837 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $86.28 per share for $3.52 million. Following the transaction, the insider now directly holds 61855.0 shares of the FTV stock.

Still, SEC filings show that on Feb 28 ’24, Walker Stacey A. (SVP – Human Resources) disposed off 9,106 shares at an average price of $86.50 for $0.79 million. The insider now directly holds 36,558 shares of Fortive Corp (FTV).

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