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As of close of business last night, Fortive Corp’s stock clocked out at $72.78, down -2.18% from its previous closing price of $74.40. In other words, the price has decreased by -$2.18 from its previous closing price. On the day, 2.5 million shares were traded. FTV stock price reached its highest trading level at $74.12 during the session, while it also had its lowest trading level at $72.3.
Ratios:
To gain a deeper understanding of FTV’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.52. 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, TD Cowen on July 08, 2024, Upgraded its rating to Buy and sets its target price to $90 from $75 previously.
On April 17, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $95 to $90.
On March 14, 2024, Truist started tracking the stock assigning a Buy rating and target price of $99.Truist initiated its Buy rating on March 14, 2024, with a $99 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 ’24 when Walker Stacey A. sold 9,106 shares for $86.50 per share. The transaction valued at 787,669 led to the insider holds 36,558 shares of the business.
Walker Stacey A. sold 842 shares of FTV for $71,663 on Feb 29 ’24. The SVP – Human Resources now owns 35,716 shares after completing the transaction at $85.11 per share. On Feb 28 ’24, another insider, McLaughlin Charles E, who serves as the SVP – Chief Financial Officer of the company, sold 40,837 shares for $86.28 each. As a result, the insider received 3,523,416 and left with 61,855 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 26065428480 and an Enterprise Value of 28806567936. As of this moment, Fortive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.20, and their Forward P/E ratio for the next fiscal year is 17.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.14 while its Price-to-Book (P/B) ratio in mrq is 2.43. Its current Enterprise Value per Revenue stands at 4.68 whereas that against EBITDA is 17.237.
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 0.58%, while the 200-Day Moving Average is calculated to be -4.14%.
Shares Statistics:
It appears that FTV traded 1.94M shares on average per day over the past three months and 2010680 shares per day over the past ten days. 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 96.66% stake in the company. Shares short for FTV as of 1723680000 were 2107208 with a Short Ratio of 1.09, compared to 1721001600 on 2363644. Therefore, it implies a Short% of Shares Outstanding of 2107208 and a Short% of Float of 0.6799999999999999.
Dividends & Splits
With its trailing 12-month dividend rate of 0.31, FTV has a forward annual dividend rate of 0.24. Against a Trailing Annual Dividend Yield of 0.0041666664The stock’s 5-year Average Dividend Yield is 0.41.
