A share price of Fortive Corp [FTV] is currently trading at $83.49, up 0.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTV shares have lost -0.33% over the last week, with a monthly amount drifted -3.14%, and not seem to be holding up well over a long-time horizon.
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On 4, April 2024, Fortive Declares Regular Quarterly Dividend on its Common Stock. In a post published today on Yahoo Finance, Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of its common stock, par value $0.01 per share, payable on June 28, 2024 to common stockholders of record on May 31, 2024. Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration of dividends, including the amount, the record dates and the payment dates for any such future dividend payments, is subject to the discretion of the Board of Directors.
From an analyst’s perspective:
Fortive Corp [NYSE: FTV] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $99. Previously, Vertical Research downgraded its rating to Hold on January 02, 2024. On October 26, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $70 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $91 on October 05, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $92 as its price target on August 07, 2023. Vertical Research upgraded its rating to Buy for this stock on March 27, 2023, but kept the price target unchanged to $74. In a note dated October 12, 2022, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $68 to $73.
Fortive Corp experienced fluctuations in its stock price throughout the past year between $62.70 and $87.10. Currently, Wall Street analysts expect the stock to reach $82.38 within the next 12 months. Fortive Corp [NYSE: FTV] shares were valued at $83.49 at the most recent close of the market. An investor can expect a potential drop of -1.33% based on the average FTV price forecast.
Analyzing the FTV fundamentals
Trailing Twelve Months sales for Fortive Corp [NYSE:FTV] were 6.07B which represents 3.52% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 82.89 points at the first support level, and at 82.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.06, and for the 2nd resistance point, it is at 84.63.
Fortive Corp [FTV] reported earnings per share of $0.98 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.94/share, meaning a difference of $0.04 and a surprise factor of 4.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.85 per share as compared to estimates of $0.85 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fortive Corp [NYSE:FTV] is 2.02. As well, the Quick Ratio is 1.72, while the Cash Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 4.84, the price to book ratio is 2.84 and price to earnings (TTM) ratio is 34.29.
Transactions by insiders
Recent insider trading involved Walker Stacey A., SVP – Human Resources, that happened on Feb 29 ’24 when 842.0 shares were sold. SVP – Chief Financial Officer, McLaughlin Charles E completed a deal on Feb 28 ’24 to sell 40837.0 shares. Meanwhile, SVP – Human Resources Walker Stacey A. sold 9106.0 shares on Feb 28 ’24.
