The stock of Fortive Corp (NYSE:FTV) last traded at $63.77, down -5.89% from the previous session.
FTV stock price is now -16.23% away from the 50-day moving average and -15.28% away from the 200-day moving average. The market capitalization of the company currently stands at $21.70B.
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With the price target maintained at $67, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Fortive Corp (NYSE: FTV). On December 09, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $92 to quote $86, while ‘Argus’ rates the stock as ‘Hold’
In other news, Walker Stacey A., SVP – Human Resources sold 3,002 shares of the company’s stock on Feb 28 ’25. The stock was sold for $237,308 at an average price of $79.05. Upon completion of the transaction, the SVP – Human Resources now directly owns 42,373 shares in the company, valued at $2.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’25, SVP – Chief Financial Officer McLaughlin Charles E sold 32,085 shares of the business’s stock. A total of $2,530,223 was realized by selling the stock at an average price of $78.86. This leaves the insider owning 76,126 shares of the company worth $4.85 million. A total of 0.48% of the company’s stock is owned by insiders.
During the past 12 months, Fortive Corp has had a low of $60.38 and a high of $84.03. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.13, and a quick ratio of 0.89. According to the stock market information, the enterprise value for the company is $24893405184, which is based on a 27.00 price-to-earnings ratio, a 3.75 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for FTV is $76.129 and a two-hundred day moving average price translates $75.2685 for the stock.
The latest earnings results from Fortive Corp (NYSE: FTV) was released for 2024-12-31. The net profit margin was 13.37% and return on equity was 8.12% for FTV. The company reported revenue of $1.62 billion for the quarter, compared to $1.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.31 percent.
