Fortive Corp (NYSE: FTV) is -4.37% 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 $70.56 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $70.41, the stock is 0.74% and -2.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing -0.21% at the moment leaves the stock -6.84% off its SMA200. FTV registered -7.45% loss for a year compared to 6-month loss of -15.92%.
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The stock witnessed a -8.10% gain in the last 1 month and extending the period to 3 months gives it a -8.72%, and is 1.54% 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 1.45% over the week and 2.45% over the month.
Fortive Corp (FTV) has around 18000 employees, a market worth around $24.67B and $6.16B in sales. Current P/E ratio is 28.25 and Fwd P/E is 16.99. Profit margin for the company is 14.39%. Distance from 52-week low is 11.67% and -19.16% from its 52-week high. The company has generated returns on investments over the last 12 months (6.30%).
with sales reaching $1.55B over the same period.The EPS is expected to grow by 11.20% this year, but quarterly earnings will post 3.60% year-over-year. Quarterly sales are estimated to grow 2.40% in year-over-year returns.
Fortive Corp (FTV) Top Institutional Holders
1188.0 institutions hold shares in Fortive Corp (FTV), with institutional investors hold 96.65% of the company’s shares. The shares outstanding are 350.70M, and float is at 348.63M with Short Float at 0.63%. Institutions hold 96.33% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 38.84 million shares valued at $3.34 billion. The investor’s holdings represent 11.043 of the FTV Shares outstanding. As of 2024-03-31, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 34.14 million shares valued at $2.94 billion to account for 9.7071 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 30.34 million shares representing 8.6267 and valued at over $2.61 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 4.4255 of the shares totaling 15.56 million with a market value of $1.34 billion.
Fortive Corp (FTV) Insider Activity
The most recent transaction is an insider sale by Walker Stacey A., the company’s SVP – Human Resources. SEC filings show that Walker Stacey A. sold 9,106 shares of the company’s common stock on Feb 28 ’24 at a price of $86.50 per share for a total of $0.79 million. Following the sale, the insider now owns 36558.0 shares.
Fortive Corp disclosed in a document filed with the SEC on Feb 29 ’24 that Walker Stacey A. (SVP – Human Resources) sold a total of 842 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $85.11 per share for $71663.0. Following the transaction, the insider now directly holds 35716.0 shares of the FTV stock.
Still, SEC filings show that on Feb 28 ’24, McLaughlin Charles E (SVP – Chief Financial Officer) disposed off 40,837 shares at an average price of $86.28 for $3.52 million. The insider now directly holds 61,855 shares of Fortive Corp (FTV).
