Fortive Corp (NYSE: FTV) is -3.12% 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 $73.21 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $72.66, the stock is 1.26% and 4.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.34 million and changing -0.75% at the moment leaves the stock -2.82% off its SMA200. FTV registered -0.81% loss for a year compared to 6-month loss of -8.19%. The firm has a 50-day simple moving average (SMA 50) of $69.3518 and a 200-day simple moving average (SMA200) of $74.7685.
The stock witnessed a 3.03% gain in the last 1 month and extending the period to 3 months gives it a -2.08%, and is 0.72% 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 1.08% over the week and 1.21% over the month.
Fortive Corp (FTV) has around 18000 employees, a market worth around $24.70B and $6.18B in sales. Current P/E ratio is 31.90 and Fwd P/E is 17.38. Profit margin for the company is 12.90%. Distance from 52-week low is 20.33% and -12.79% from its 52-week high. The company has generated returns on investments over the last 12 months (6.06%).
The EPS is expected to shrink by -1.78% this year.
Fortive Corp (FTV) Top Institutional Holders
1193.0 institutions hold shares in Fortive Corp (FTV), with institutional investors hold 94.68% of the company’s shares. The shares outstanding are 339.90M, and float is at 338.43M with Short Float at 2.22%. Institutions hold 94.41% 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 LICO JAMES A, the company’s President and CEO. SEC filings show that LICO JAMES A sold 175,000 shares of the company’s common stock on May 15 ’25 at a price of $72.40 per share for a total of $12.67 million. Following the sale, the insider now owns 0.43 million shares.
Still, SEC filings show that on May 12 ’25, Underwood Peter C (SVP – Chief Legal Officer) disposed off 14,327 shares at an average price of $73.88 for $1.06 million. The insider now directly holds 51,750 shares of Fortive Corp (FTV).
