Fortive Corp (NYSE: FTV) is -5.65% 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 $69.43 in the last trading session, with the day’s gains setting it 1.33%.
Currently trading at $70.76, the stock is -0.72% and 2.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 1.92% at the moment leaves the stock -5.29% off its SMA200. FTV registered -4.18% loss for a year compared to 6-month loss of -9.61%.
The stock witnessed a -2.37% gain in the last 1 month and extending the period to 3 months gives it a -5.33%, and is -3.35% down 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 1.85% over the week and 1.39% over the month.
Fortive Corp (FTV) has around 18000 employees, a market worth around $24.05B and $6.18B in sales. Current P/E ratio is 31.07 and Fwd P/E is 16.64. Profit margin for the company is 12.90%. Distance from 52-week low is 17.18% and -15.07% from its 52-week high. The company has generated returns on investments over the last 12 months (6.06%).
with sales reaching $1.54B over the same period.The EPS is expected to shrink by -0.26% this year, but quarterly earnings will post 0.20% year-over-year. Quarterly sales are estimated to shrink -0.88% in year-over-year returns.
Fortive Corp (FTV) Top Institutional Holders
The shares outstanding are 339.90M, and float is at 338.43M with Short Float at 1.97%.
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).
