Fortive Corporation [FTV] Stock trading around $61.00 per share: What’s Next?

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Fortive Corporation [NYSE: FTV] surged by $1.42 during the normal trading session on Thursday and reaching a high of $61.02 during the day while it closed the day at $61.00. The company report on March 4, 2022 that Fortive to Present at the J.P. Morgan Industrials Conference.


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Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that President and Chief Executive Officer, James A. Lico, will be presenting at the J.P. Morgan Industrials Conference on Wednesday, March 16, 2022 at 11:20 a.m. ET. The audio will be simultaneously webcast and will be archived on www.fortive.com.

Fortive Corporation stock has also gained 8.00% of its value over the past 7 days. However, FTV stock has declined by -18.98% in the 3 months of the year. Over the past six months meanwhile, it has lost -17.80% and lost -20.04% year-on date.

The market cap for FTV stock reached $21.90 billion, with 359.20 million shares outstanding and 349.59 million shares in the current float. Compared to the average trading volume of 3.25M shares, FTV reached a trading volume of 3544060 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Fortive Corporation [FTV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTV shares is $83.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTV stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for Fortive Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 17, 2022. The new note on the price target was released on March 14, 2022, representing the official price target for Fortive Corporation stock. Previously, the target price had yet another raise to $82, while Vertical Research analysts kept a Hold rating on FTV stock.

The Average True Range (ATR) for Fortive Corporation is set at 1.99, with the Price to Sales ratio for FTV stock in the period of the last 12 months amounting to 4.17. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 2.28. Price to Free Cash Flow for FTV in the course of the last twelve months was 26.93 with Quick ratio for the last quarter at 0.50.

FTV stock trade performance evaluation

Fortive Corporation [FTV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.00. With this latest performance, FTV shares dropped by -7.14% in over the last four-week period, additionally sinking by -17.80% over the last 6 months – not to mention a drop of -10.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTV stock in for the last two-week period is set at 47.18, with the RSI for the last a single of trading hit 53.47, and the three-weeks RSI is set at 44.14 for Fortive Corporation [FTV]. The present Moving Average for the last 50 days of trading for this stock 66.10, while it was recorded at 58.15 for the last single week of trading, and 71.57 for the last 200 days.

Fortive Corporation [FTV]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Fortive Corporation [FTV] shares currently have an operating margin of +15.82 and a Gross Margin at +57.28. Fortive Corporation’s Net Margin is presently recorded at +11.69.

Return on Equity for this stock inclined to 6.65, with Return on Assets sitting at 3.78.

Fortive Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for Fortive Corporation [FTV] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fortive Corporation go to 37.89%.

Fortive Corporation [FTV]: Insider Ownership positions

There are presently around $20,420 million, or 96.50% of FTV stock, in the hands of institutional investors. The top three institutional holders of FTV stocks are: VANGUARD GROUP INC with ownership of 36,567,233, which is approximately 0.174% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 33,420,429 shares of the stock with an approximate value of $1.99 billion in FTV stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $1.33 billion in FTV stock with ownership of nearly 20.543% of the company’s market capitalization.

394 institutional holders increased their position in Fortive Corporation [NYSE:FTV] by around 23,093,884 shares. Additionally, 307 investors decreased positions by around 20,571,258 shares, while 152 investors held positions by with 299,072,187 shares. The mentioned changes placed institutional holdings at 342,737,329 shares, according to the latest SEC report filing. FTV stock had 117 new institutional investments in for a total of 2,740,721 shares, while 57 institutional investors sold positions of 5,632,976 shares during the same period.

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