Fortive Corporation [NYSE: FTV] stock went on a downward path that fall over -2.92% on Thursday, amounting to a one-week price decrease of less than -3.18%. The company report on June 3, 2022 that Fortive to Present at the Cowen Sustainability and Energy Transition Summit.
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Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that Senior Vice President and General Counsel, Peter C. Underwood, will be presenting at the Cowen Sustainability and Energy Transition Conference on Wednesday, June 8, 2022 at 11:10 a.m. ET. The audio will be simultaneously webcast and will be archived on www.fortive.com.
Over the last 12 months, FTV stock dropped by -13.25%. The one-year Fortive Corporation stock forecast points to a potential upside of 20.32. The average equity rating for FTV stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $22.11 billion, with 359.30 million shares outstanding and 353.29 million shares in the current float. Compared to the average trading volume of 2.91M shares, FTV stock reached a trading volume of 2980512 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $76.72 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 2.10. 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 1.71, with the Price to Sales ratio for FTV stock in the period of the last 12 months amounting to 4.12. The Price to Book ratio for the last quarter was 2.30. Price to Free Cash Flow for FTV in the course of the last twelve months was 25.37 with Quick ratio for the last quarter at 0.70.
FTV Stock Performance Analysis:
Fortive Corporation [FTV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.18. With this latest performance, FTV shares gained by 4.66% in over the last four-week period, additionally sinking by -19.19% over the last 6 months – not to mention a drop of -13.25% 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 51.75, with the RSI for the last a single of trading hit 49.17, and the three-weeks RSI is set at 51.66 for Fortive Corporation [FTV]. The present Moving Average for the last 50 days of trading for this stock 59.73, while it was recorded at 62.67 for the last single week of trading, and 68.24 for the last 200 days.
Insight into Fortive Corporation 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 0.70 and a Current Ratio set at 1.00.
FTV Stock EPS
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 15.19%.
Fortive Corporation [FTV] Insider Position Details
There are presently around $21,601 million, or 96.40% of FTV stock, in the hands of institutional investors. The top three institutional holders of FTV stocks are: VANGUARD GROUP INC with ownership of 37,557,116, which is approximately 2.707% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 29,702,419 shares of the stock with an approximate value of $1.87 billion in FTV stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.73 billion in FTV stock with ownership of nearly 39.12% of the company’s market capitalization.
Positions in Fortive Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 315 institutional holders increased their position in Fortive Corporation [NYSE:FTV] by around 42,161,937 shares. Additionally, 419 investors decreased positions by around 41,866,934 shares, while 136 investors held positions by with 259,008,746 shares. The mentioned changes placed institutional holdings at 343,037,617 shares, according to the latest SEC report filing. FTV stock had 75 new institutional investments in for a total of 7,945,045 shares, while 106 institutional investors sold positions of 9,771,320 shares during the same period.