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.
As of close of business last night, Fortive Corp’s stock clocked out at $76.05, down -5.76% from its previous closing price of $80.70. In other words, the price has decreased by -$5.76 from its previous closing price. On the day, 6.37 million shares were traded. FTV stock price reached its highest trading level at $78.565 during the session, while it also had its lowest trading level at $72.52.
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 14.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 2.02. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.37.
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:
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 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 28407414784 and an Enterprise Value of 30284044288. As of this moment, Fortive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.23, and their Forward P/E ratio for the next fiscal year is 18.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.41 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 4.993 whereas that against EBITDA is 19.075.
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 $62.70. The 50-Day Moving Average of the stock is -9.71%, while the 200-Day Moving Average is calculated to be -0.21%.
Shares Statistics:
It appears that FTV traded 1.66M shares on average per day over the past three months and 2038800 shares per day over the past ten days. A total of 350.70M shares are outstanding, with a floating share count of 349.95M. Insiders hold about 0.41% of the company’s shares, while institutions hold 95.75% stake in the company. Shares short for FTV as of 1711584000 were 3197882 with a Short Ratio of 1.93, compared to 1709164800 on 3298006. Therefore, it implies a Short% of Shares Outstanding of 3197882 and a Short% of Float of 1.0299999.
Dividends & Splits
With its trailing 12-month dividend rate of 0.29, FTV has a forward annual dividend rate of 0.30. Against a Trailing Annual Dividend Yield of 0.0035935564The stock’s 5-year Average Dividend Yield is 0.41.
