Fortive Corp (NYSE: FTV) is 2.69% higher on its value in year-to-date trading and has touched a low of $66.15 and a high of $87.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTV stock was last observed hovering at around $76.19 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $75.61, the stock is 1.52% and 0.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.07 million and changing -0.76% at the moment leaves the stock -1.83% off its SMA200. FTV registered 12.95% gain for a year compared to 6-month loss of -2.22%. The firm has a 50-day simple moving average (SMA 50) of $75.3906 and a 200-day simple moving average (SMA200) of $77.0314.
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The stock witnessed a -2.10% gain in the last 1 month and extending the period to 3 months gives it a 8.67%, and is 2.16% 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 2.00% over the week and 1.69% over the month.
Fortive Corp (FTV) has around 18000 employees, a market worth around $26.23B and $6.20B in sales. Current P/E ratio is 30.13 and Fwd P/E is 18.18. Profit margin for the company is 14.35%. Distance from 52-week low is 14.30% and -13.19% from its 52-week high. The company has generated returns on investments over the last 12 months (6.35%).
The EPS is expected to grow by 12.07% this year
1194.0 institutions hold shares in Fortive Corp (FTV), with institutional investors hold 97.68% of the company’s shares. The shares outstanding are 350.70M, and float is at 345.54M with Short Float at 0.88%. Institutions hold 97.35% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 39.1 million shares valued at $2.9 billion. The investor’s holdings represent 11.1177 of the FTV Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 32.24 million shares valued at $2.39 billion to account for 9.1664 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 30.49 million shares representing 8.6687 and valued at over $2.26 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 4.2641 of the shares totaling 15.0 million with a market value of $1.11 billion.
Fortive Corp (FTV) Insider Activity
The most recent transaction is an insider sale by Underwood Peter C, the company’s SVP – General Counsel. SEC filings show that Underwood Peter C sold 5,000 shares of the company’s common stock on Nov 11 ’24 at a price of $76.58 per share for a total of $0.38 million. Following the sale, the insider now owns 48346.0 shares.
Still, SEC filings show that on Nov 01 ’24, Walker Stacey A. (SVP – Human Resources) disposed off 171,808 shares at an average price of $71.71 for $12.32 million. The insider now directly holds 42,651 shares of Fortive Corp (FTV).
