Fortive Corp’s (FTV) Stock: A Week-by-Week Analysis

The stock of Fortive Corp (FTV) has seen a -0.18% decrease in the past week, with a -0.06% drop in the past month, and a 17.25% flourish in the past quarter. The volatility ratio for the week is 1.17%, and the volatility levels for the past 30 days are at 1.40% for FTV. The simple moving average for the past 20 days is -0.61% for FTV’s stock, with a 12.28% simple moving average for the past 200 days.

Is It Worth Investing in Fortive Corp (NYSE: FTV) Right Now?

The price-to-earnings ratio for Fortive Corp (NYSE: FTV) is above average at 34.80x. The 36-month beta value for FTV is also noteworthy at 1.14. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”

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The public float for FTV is 349.95M, and at present, short sellers hold a 0.96% of that float. The average trading volume of FTV on April 04, 2024 was 1.65M shares.

FTV) stock’s latest price update

Fortive Corp (NYSE: FTV)’s stock price has decreased by -0.09 compared to its previous closing price of 84.82. However, the company has seen a -0.18% decrease in its stock price over the last five trading sessions. Business Wire reported 2024-03-28 that EVERETT, Wash.–(BUSINESS WIRE)–Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that it will webcast its earnings conference call for the first quarter 2024 on Wednesday, April 24, 2024 beginning at 12:00 p.m. ET and lasting approximately 1 hour. The call and an accompanying slide presentation will be webcast on the “Investors” section of Fortive’s website, www.fortive.com, under “Events/Presentations.” A replay of the webcast will be available at the same location shortly after th.

Analysts’ Opinion of FTV

Many brokerage firms have already submitted their reports for FTV stocks, with Truist repeating the rating for FTV by listing it as a “Buy.” The predicted price for FTV in the upcoming period, according to Truist is $99 based on the research report published on March 14, 2024 of the current year 2024.

BofA Securities gave a rating of “Neutral” to FTV, setting the target price at $70 in the report published on October 26th of the previous year.

FTV Trading at 2.07% from the 50-Day Moving Average

After a stumble in the market that brought FTV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.71% of loss for the given period.

Volatility was left at 1.40%, however, over the last 30 days, the volatility rate increased by 1.17%, as shares surge +0.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.96% upper at present.

During the last 5 trading sessions, FTV fell by -0.18%, which changed the moving average for the period of 200-days by +17.74% in comparison to the 20-day moving average, which settled at $85.29. In addition, Fortive Corp saw 15.09% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FTV starting from Walker Stacey A., who sale 842 shares at the price of $85.11 back on Feb 29 ’24. After this action, Walker Stacey A. now owns 35,716 shares of Fortive Corp, valued at $71,663 using the latest closing price.

McLaughlin Charles E, the SVP – Chief Financial Officer of Fortive Corp, sale 40,837 shares at $86.28 during a trade that took place back on Feb 28 ’24, which means that McLaughlin Charles E is holding 61,855 shares at $3,523,416 based on the most recent closing price.

Stock Fundamentals for FTV

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 0.54 for the gross margin

The net margin for Fortive Corp stands at 0.16. The total capital return value is set at 0.07. Equity return is now at value 8.66, with 5.28 for asset returns.

Based on Fortive Corp (FTV), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 3779.0.

Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 1.41. When we switch over and look at the enterprise to sales, we see a ratio of 5.84. The receivables turnover for the company is 5.08for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.

Conclusion

In summary, Fortive Corp (FTV) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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