J.P. Morgan’s Analyst Focus List - 5 adds and 1 removal
Seeking Alpha News (Fri, 19-Apr 10:22 AM ET)
Fortive (FTV) Gets a Hold from Wells Fargo
TipRanks (Mon, 15-Apr 6:18 AM ET)
Fortive Declares Regular Quarterly Dividend on its Common Stock
Business Wire (Thu, 4-Apr 4:15 PM ET)
Fortive Schedules First Quarter 2024 Earnings Conference Call
Business Wire (Thu, 28-Mar 4:15 PM ET)
Fluke Advances Utility-Scale Solar Testing with the Launch of the PVA-1500 Series I-V Curve Tracer
Business Wire (Tue, 19-Mar 7:00 AM ET)
Fortive to Present at the Bank of America Global Industrials Conference
Business Wire (Tue, 12-Mar 4:15 PM ET)
Fortive to Present at the J.P. Morgan Industrials Conference
Business Wire (Wed, 6-Mar 4:15 PM ET)
Fortive to Present at the Citi Global Industrial Tech and Mobility Conference
Business Wire (Fri, 9-Feb 4:15 PM ET)
Fortive to Present at the Barclays Industrial Select Conference
Business Wire (Fri, 9-Feb 4:15 PM ET)
Fortive Announces Pricing of Offering of Euro-denominated Senior Notes
Business Wire (Thu, 8-Feb 5:27 PM ET)
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 April 19, 2024, FTV stock price declined to $80.16 with 293,284 million shares trading.
FTV has a beta of 1.12, meaning it tends to be more sensitive to market movements. FTV has a correlation of 0.33 to the broad based SPY ETF.
FTV has a market cap of $28.20 billion. This is considered a Large Cap stock.
Last quarter Fortive Common reported $2 billion in Revenue and $.98 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.04.
In the last 3 years, FTV stock 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 price return of +19.8% while the SPY ETF gained +21.8%. However, in the short term, FTV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.1% vs +4.8% return in SPY. But in the last 2 weeks, FTV shares have been beat by the market, returning -4.3% compared to an SPY return of -3.0%.
FTV support price is $79.25 and resistance is $81.11 (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 stock will trade within this expected range on the day.