Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Fortive Corp (NYSE: FTV) closed the day trading at $77.00 up 1.36% from the previous closing price of $75.97. In other words, the price has increased by $1.36 from its previous closing price. On the day, 2.08 million shares were traded. FTV stock price reached its highest trading level at $77.11 during the session, while it also had its lowest trading level at $75.95.
Ratios:
For a better understanding of FTV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.43. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on April 17, 2024, Downgraded its rating to Neutral and sets its target price to $90 from $95 previously.
On March 14, 2024, Truist started tracking the stock assigning a Buy rating and target price of $99.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 ’24 when Walker Stacey A. sold 842 shares for $85.11 per share. The transaction valued at 71,663 led to the insider holds 35,716 shares of the business.
McLaughlin Charles E sold 40,837 shares of FTV for $3,523,416 on Feb 28 ’24. The SVP – Chief Financial Officer now owns 61,855 shares after completing the transaction at $86.28 per share. On Feb 28 ’24, another insider, Walker Stacey A., who serves as the SVP – Human Resources of the company, sold 9,106 shares for $86.50 each. As a result, the insider received 787,669 and left with 36,558 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FTV now has a Market Capitalization of 27106232320 and an Enterprise Value of 30349707264. As of this moment, Fortive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.43, and their Forward P/E ratio for the next fiscal year is 18.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.42 while its Price-to-Book (P/B) ratio in mrq is 2.59. Its current Enterprise Value per Revenue stands at 4.952 whereas that against EBITDA is 18.847.
Stock Price History:
The Beta on a monthly basis for FTV is 1.16, which has changed by 0.20576262 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, FTV has reached a high of $87.10, while it has fallen to a 52-week low of $62.77. The 50-Day Moving Average of the stock is -8.12%, while the 200-Day Moving Average is calculated to be 1.01%.
Shares Statistics:
Over the past 3-months, FTV traded about 1.75M shares per day on average, while over the past 10 days, FTV traded about 2274860 shares per day. A total of 350.70M shares are outstanding, with a floating share count of 350.59M. Insiders hold about 0.41% of the company’s shares, while institutions hold 95.70% stake in the company. Shares short for FTV as of 1713139200 were 3229315 with a Short Ratio of 1.84, compared to 1710460800 on 3362736. Therefore, it implies a Short% of Shares Outstanding of 3229315 and a Short% of Float of 1.04.
Dividends & Splits
FTV’s forward annual dividend rate is 0.30, up from 0.3 a year ago. Against a Trailing Annual Dividend Yield of 0.0039489274The stock’s 5-year Average Dividend Yield is 0.41. The current Payout Ratio is 11.91% for FTV, which recently paid a dividend on 2024-02-22 with an ex-dividend date of 1717113600. Stock splits for the company last occurred on 2020-10-09 when the company split stock in a 1195:1000 ratio.
Earnings Estimates
The stock of Fortive Corp (FTV) is currently drawing attention from 15.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $0.92 for the current quarter, with a high estimate of $0.98 and a low estimate of $0.91, while EPS last year was $0.85. The consensus estimate for the next quarter is $0.96, with high estimates of $1.1 and low estimates of $0.92.
Analysts are recommending an EPS of between $3.85 and $3.75 for the fiscal current year, implying an average EPS of $3.81. EPS for the following year is $4.17, with 20.0 analysts recommending between $4.31 and $4.02.
Revenue Estimates
15 analysts predict $1.59B in revenue for the current quarter. It ranges from a high estimate of $1.63B to a low estimate of $1.56B. As of the current estimate, Fortive Corp’s year-ago sales were $1.53BFor the next quarter, 15 analysts are estimating revenue of $1.6B. There is a high estimate of $1.69B for the next quarter, whereas the lowest estimate is $1.56B.
A total of 18 analysts have provided revenue estimates for FTV’s current fiscal year. The highest revenue estimate was $6.52B, while the lowest revenue estimate was $6.33B, resulting in an average revenue estimate of $6.41B. In the same quarter a year ago, actual revenue was $6.07BBased on 18 analysts’ estimates, the company’s revenue will be $6.73B in the next fiscal year. The high estimate is $6.87B and the low estimate is $6.59B.
