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 April 18, 2024, FTV stock price declined to $80.18 with 1,442,683 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 +19.5% while the SPY ETF gained +22.3%. However, in the short term, FTV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.2% vs +6.1% return in SPY. But in the last 2 weeks, FTV shares have been beat by the market, returning -5.4% compared to an SPY return of -3.8%.

FTV support price is $79.28 and resistance is $81.12 (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.