Fortive Corp (NYSE: FTV) is -8.11% lower on its value in year-to-date trading and has touched a low of $60.38 and a high of $83.32 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 $67.06 in the last trading session, with the day’s gains setting it 1.86%.
Currently trading at $68.92, the stock is 1.96% and -6.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 2.77% at the moment leaves the stock -8.05% off its SMA200. FTV registered -14.24% loss for a year compared to 6-month loss of -10.63%. The firm has a 50-day simple moving average (SMA 50) of $73.5446 and a 200-day simple moving average (SMA200) of $74.9527.
The stock witnessed a -9.28% gain in the last 1 month and extending the period to 3 months gives it a -14.11%, and is 6.03% 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 2.58% over the week and 4.10% over the month.
Fortive Corp (FTV) has around 18000 employees, a market worth around $23.42B and $6.23B in sales. Current P/E ratio is 29.18 and Fwd P/E is 15.84. Profit margin for the company is 13.37%. Distance from 52-week low is 14.13% and -17.28% from its 52-week high. The company has generated returns on investments over the last 12 months (6.10%).
The EPS is expected to grow by 3.03% this year
1188.0 institutions hold shares in Fortive Corp (FTV), with institutional investors hold 99.56% of the company’s shares. The shares outstanding are 341.20M, and float is at 338.25M with Short Float at 2.04%. Institutions hold 99.17% 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 11.1304 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 9.1769 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 30.49 million shares representing 8.6785 and valued at over $2.26 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 4.2689 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 Walker Stacey A., the company’s SVP – Human Resources. SEC filings show that Walker Stacey A. sold 3,002 shares of the company’s common stock on Feb 28 ’25 at a price of $79.05 per share for a total of $0.24 million. Following the sale, the insider now owns 42373.0 shares.
Fortive Corp disclosed in a document filed with the SEC on Feb 28 ’25 that McLaughlin Charles E (SVP – Chief Financial Officer) sold a total of 32,085 shares of the company’s common stock. The trade occurred on Feb 28 ’25 and was made at $78.86 per share for $2.53 million. Following the transaction, the insider now directly holds 76126.0 shares of the FTV stock.
Still, SEC filings show that on Feb 26 ’25, Mulhall Christopher M. (VP – Chief Accounting Officer) disposed off 6,493 shares at an average price of $79.95 for $0.52 million. The insider now directly holds 24,283 shares of Fortive Corp (FTV).
