FTV Stock Summary and Trading Ideas (Fortive Common | NYSE:FTV)

Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $6.1 billion in revenue in 2023.

Fortive Common trades on the NYSE stock market under the symbol FTV.

As of February 7, 2025, FTV stock price declined to $79.28 with 2,324,263 million shares trading.

FTV has a beta of 1.03, meaning it tends to be more sensitive to market movements. FTV has a correlation of 0.32 to the broad based SPY ETF.

FTV has a market cap of $27.51 billion. This is considered a Large Cap stock.

Last quarter Fortive Common reported $2 billion in Revenue and $.97 earnings per share. This fell short of revenue expectation by $-15 million and exceeded earnings estimates by $.04.

In the last 3 years, FTV traded as high as $87.10 and as low as $52.47.

The top ETF exchange traded funds that FTV belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

FTV has underperformed the market in the last year with a return of -2.4%, while SPY returned +23.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FTV shares. However, FTV has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and -1.2%, while SPY returned +2.1% and -1.4%, respectively. This indicates FTV has been having a stronger performance recently.

FTV support price is $78.93 and resistance is $80.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTV shares will trade within this expected range on the day.