Fortive Corp (NYSE: FTV) has a higher price-to-earnings ratio of 30.18x compared to its average ratio. FTV has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 7 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for FTV is 345.61M, and currently, short sellers hold a 0.95% ratio of that float. The average trading volume of FTV on December 18, 2024 was 2.43M shares.
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FTV) stock’s latest price update
Fortive Corp (NYSE: FTV)’s stock price has decreased by -1.46 compared to its previous closing price of 76.85. However, the company has seen a -3.31% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-12-16 that EVERETT, Wash.–(BUSINESS WIRE)–Fortive Corporation (“Fortive”) (NYSE: FTV) has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corporation (“TRC”) for TRC to purchase for cash up to 1,500,000 shares, or approximately 0.44%, of the outstanding common stock of Fortive, at a price of $75.00 per share. TRC’s offer price of $75.00 per share represents a 4.93% discount to the closing price per share of Fortive’s common stock on December 6, 2024, the last trading day be.
FTV’s Market Performance
Fortive Corp (FTV) has experienced a -3.31% fall in stock performance for the past week, with a 1.22% rise in the past month, and a 0.03% rise in the past quarter. The volatility ratio for the week is 1.70%, and the volatility levels for the past 30 days are at 1.47% for FTV. The simple moving average for the last 20 days is -2.83% for FTV stock, with a simple moving average of -0.77% for the last 200 days.
Analysts’ Opinion of FTV
Many brokerage firms have already submitted their reports for FTV stocks, with Citigroup repeating the rating for FTV by listing it as a “Neutral.” The predicted price for FTV in the upcoming period, according to Citigroup is $86 based on the research report published on December 09, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to FTV, setting the target price at $84 in the report published on November 13th of the current year.
FTV Trading at -0.79% 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 -13.05% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares surge +1.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.77% lower at present.
During the last 5 trading sessions, FTV fell by -3.31%, which changed the moving average for the period of 200-days by -10.69% in comparison to the 20-day moving average, which settled at $77.93. In addition, Fortive Corp saw 2.85% 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 LICO JAMES A, who proposed sale 80,000 shares at the price of $74.84 back on Nov 15 ’24. After this action, LICO JAMES A now owns shares of Fortive Corp, valued at $5,986,880 using the latest closing price.
Underwood Peter C, the SVP – General Counsel of Fortive Corp, sale 5,000 shares at $76.58 during a trade that took place back on Nov 11 ’24, which means that Underwood Peter C is holding 48,346 shares at $382,900 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
- 0.55 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 8.62, with 5.37 for asset returns.
Based on Fortive Corp (FTV), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 7.74.
Currently, EBITDA for the company is 1.57 billion with net debt to EBITDA at 1.86. When we switch over and look at the enterprise to sales, we see a ratio of 5.27. The receivables turnover for the company is 6.09for 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 1.23.
Conclusion
To put it simply, Fortive Corp (FTV) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
