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After finishing at $77.23 in the prior trading day, Fortive Corp (NYSE: FTV) closed at $77.27, up 0.05%. In other words, the price has increased by $0.05 from its previous closing price. On the day, 1.72 million shares were traded. FTV stock price reached its highest trading level at $77.57 during the session, while it also had its lowest trading level at $76.76.
Ratios:
Our goal is to gain a better understanding of FTV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.72. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.34.
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 October 10, 2024, Upgraded its rating to Overweight and sets its target price to $92 from $90 previously.
On September 06, 2024, Mizuho Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $80 to $90.
On September 06, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $89.Morgan Stanley initiated its Overweight rating on September 06, 2024, with a $89 target price.
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 Sep 13 ’24 when McLaughlin Charles E sold 6,864 shares for $74.03 per share. The transaction valued at 508,142 led to the insider holds 73,391 shares of the business.
Schwarz Jonathan L sold 14,223 shares of FTV for $1,049,657 on Sep 13 ’24. The SVP – Corporate Development now owns 68,161 shares after completing the transaction at $73.80 per share. On Sep 13 ’24, another insider, Schwarz Jonathan L, who serves as the Officer of the company, bought 14,223 shares for $73.80 each.
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 27070926848 and an Enterprise Value of 30379601920. As of this moment, Fortive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.00, and their Forward P/E ratio for the next fiscal year is 18.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.40 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 4.936 whereas that against EBITDA is 18.178.
Stock Price History:
Over the past 52 weeks, FTV has reached a high of $87.10, while it has fallen to a 52-week low of $63.05. The 50-Day Moving Average of the stock is 4.11%, while the 200-Day Moving Average is calculated to be 0.54%.
Shares Statistics:
The stock has traded on average 2.28M shares per day over the past 3-months and 1578900 shares per day over the last 10 days, according to various share statistics. A total of 350.70M shares are outstanding, with a floating share count of 348.95M. Insiders hold about 0.40% of the company’s shares, while institutions hold 97.14% stake in the company. Shares short for FTV as of 1727654400 were 3539211 with a Short Ratio of 1.55, compared to 1724976000 on 2613061. Therefore, it implies a Short% of Shares Outstanding of 3539211 and a Short% of Float of 1.1400000000000001.
Dividends & Splits
In the trailing 12 months, FTV’s forward annual dividend rate was 0.31, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.004013984The stock’s 5-year Average Dividend Yield is 0.41.
