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Fortive Corporation is a scientific & technical instruments business based in the US. Fortive Corporation shares (FTV) are listed on the NYSE and all prices are listed in US Dollars. Fortive Corporation employs 25,000 staff and has a trailing 12-month revenue of around USD$7.1 billion.
Since the stock market crash in March caused by coronavirus, Fortive Corporation's share price has had significant negative movement.
Its last market close was USD$72.16, which is 4.81% down on its pre-crash value of USD$75.81 and 93.41% up on the lowest point reached during the March crash when the shares fell as low as USD$37.3101.
If you had bought USD$1,000 worth of Fortive Corporation shares at the start of February 2020, those shares would have been worth USD$561.67 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$964.78.
|Latest market close||USD$72.16|
|52-week range||USD$37.3101 - USD$80.61|
|50-day moving average||USD$64.1721|
|200-day moving average||USD$57.3116|
|Wall St. target price||USD$78.57|
|Dividend yield||USD$0.28 (0.42%)|
|Earnings per share (TTM)||USD$1.479|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-24)||-1.15%|
|1 month (2020-10-30)||17.14%|
|3 months (2020-09-01)||-1.94%|
|6 months (2020-06-01)||16.07%|
|1 year (2019-11-29)||-0.01%|
|2 years (2018-11-30)||-5.14%|
|3 years (2017-12-01)||-3.24%|
|5 years (2015-11-27)||N/A|
Valuing Fortive Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fortive Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Fortive Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 47x. In other words, Fortive Corporation shares trade at around 47x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Fortive Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 40.7126. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Fortive Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Fortive Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.6 billion.
The EBITDA is a measure of a Fortive Corporation's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$7.1 billion|
|Operating margin TTM||15.23%|
|Gross profit TTM||USD$3.7 billion|
|Return on assets TTM||4.1%|
|Return on equity TTM||7.74%|
|Market capitalisation||USD$22.2 billion|
TTM: trailing 12 months
There are currently 7.4 million Fortive Corporation shares held short by investors – that's known as Fortive Corporation's "short interest". This figure is 51.5% up from 4.9 million last month.
There are a few different ways that this level of interest in shorting Fortive Corporation shares can be evaluated.
Fortive Corporation's "short interest ratio" (SIR) is the quantity of Fortive Corporation shares currently shorted divided by the average quantity of Fortive Corporation shares traded daily (recently around 3.5 million). Fortive Corporation's SIR currently stands at 2.1. In other words for every 100,000 Fortive Corporation shares traded daily on the market, roughly 2100 shares are currently held short.
However Fortive Corporation's short interest can also be evaluated against the total number of Fortive Corporation shares, or, against the total number of tradable Fortive Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Fortive Corporation's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Fortive Corporation shares in existence, roughly 20 shares are currently held short) or 0.0293% of the tradable shares (for every 100,000 tradable Fortive Corporation shares, roughly 29 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Fortive Corporation.
Find out more about how you can short Fortive Corporation stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fortive Corporation.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 35.47
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fortive Corporation's overall score of 35.47 (as at 10/01/2020) is pretty weak – landing it in it in the 66th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Fortive Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 15.05/100
Fortive Corporation's environmental score of 15.05 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Fortive Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 19.6/100
Fortive Corporation's social score of 19.6 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Fortive Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 14.31/100
Fortive Corporation's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Fortive Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Fortive Corporation scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Fortive Corporation has, for the most part, managed to keep its nose clean.
|Total ESG score||35.47|
|Total ESG percentile||65.98|
|Environmental score percentile||8|
|Social score percentile||8|
|Governance score percentile||8|
|Level of controversy||2|
Dividend payout ratio: 7.05% of net profits
Recently Fortive Corporation has paid out, on average, around 7.05% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.42% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Fortive Corporation shareholders could enjoy a 0.42% return on their shares, in the form of dividend payments. In Fortive Corporation's case, that would currently equate to about $0.28 per share.
While Fortive Corporation's payout ratio might seem low, this can signify that Fortive Corporation is investing more in its future growth.
Fortive Corporation's most recent dividend payout was on 25 September 2020. The latest dividend was paid out to all shareholders who bought their shares by 27 August 2020 (the "ex-dividend date").
Fortive Corporation's shares were split on a 1195:1000 basis on 9 October 2020. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1195 shares. This wouldn't directly have changed the overall worth of your Fortive Corporation shares – just the quantity. However, indirectly, the new 16.3% lower share price could have impacted the market appetite for Fortive Corporation shares which in turn could have impacted Fortive Corporation's share price.
Over the last 12 months, Fortive Corporation's shares have ranged in value from as little as $37.3101 up to $80.61. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Fortive Corporation's is 1.1525. This would suggest that Fortive Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, facilities management, public safety, mining, and healthcare applications, as well as environmental, health, and safety applications. This segment also provides product realization services and products that help developers and engineers across the end-to-end product creation cycle from concepts to finished products; materials components; devices that sense, monitor, and control operational or manufacturing variables; and critical sterilization and disinfection solutions. It markets its products and services under the ACCRUENT, FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, LANDAUER, PRUFTECHNIK, QUALITROL, INVETECH, KEITHLEY, PACIFIC SCIENTIFIC, SONIX, and TEKTRONIX brands. The company's Industrial Technologies segment offers solutions and services for use in fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking, and fleet and traffic management under the ANGI, GASBOY, GILBARCO, GILBARCO AUTOTANK, ORPAK, VEEDER-ROOT, and TELETRAC NAVMAN brands. This segment also offers professional tools, toolboxes, and automotive diagnostic equipment under the MATCO brand; and wheel service equipment under the COATS brand. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
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