In yesterday’s Wall Street session, Fortive Corp (NYSE:FTV) shares traded at $76.95, up 1.58% from the previous session.
FTV stock price is now 1.57% away from the 50-day moving average and 0.14% away from the 200-day moving average. The market capitalization of the company currently stands at $26.70B.
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On November 13, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $84, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, LICO JAMES A, Officer bought 80,000 shares of the company’s stock on Nov 15 ’24. The stock was bought for $5,986,880 at an average price of $74.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, SVP – General Counsel Underwood Peter C sold 5,000 shares of the business’s stock. A total of $382,900 was realized by selling the stock at an average price of $76.58. This leaves the insider owning 48,346 shares of the company worth $3.72 million. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Fortive Corp has had a low of $66.15 and a high of $87.10. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.23, and a quick ratio of 0.96. According to the stock market information, the enterprise value for the company is $29517606912, which is based on a 30.66 price-to-earnings ratio, a 2.86 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for FTV is $75.6884 and a two-hundred day moving average price translates $76.87155 for the stock.
The latest earnings results from Fortive Corp (NYSE: FTV) was released for 2024-09-27. The net profit margin was 14.35% and return on equity was 8.62% for FTV. The company reported revenue of $1.53 billion for the quarter, compared to $1.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.68 percent.
