Fortive stock: buy or sell?

FTV stock price: $75.78 -1.32% At close on February 21st, 2020

Updated on:
February 21st, 2020

3

Fortive shares declined -1.32% to $75.78 today. Friday was the 4th red session in a row, sliding in full a -2.63%.

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide.

Should I buy Fortive stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Fortive stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Fortive stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for FTV stock for the last 30 days.

Fortive stock analysis

Daily outlook

Shares of Fortive ended today at $75.78 and declined a rough -1.32%.

Shares of Fortive declined a rough -1.32% and closed at $75.78. On February/4 FTV price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On December, SMA50d and SMA100d crossed up triggering a rise of 1.08%.

FTV stock chart (daily)

Weekly outlook

Shares of Fortive ended this week at $75.78 and fell a fateful -2.61%. Early February FTV skyrocketed a brilliant 5.18% in just one week.

Fortive stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since this week when SMA20w and SMA40w crossed up, FTV price slipped $-2.03 per share (-2.61%). Since late July 2019, when FTV stock price broke down the 40-weeks moving avarage line, it slid $-2.52 per share (-3.22%). Stocks under the 40-weeks moving average line are usually not recommended for average traders. Far behind is the all-time high Fortive hit late April 2019 and since then the price is -15.06% below that top.

FTV stock chart (weekly)

Fortive stock price history

Fortive IPO was on July 5th, 2016 at $48.63 per share1. Since then, FTV stock grew a 55.80%, with an average of 18.60% per year. If you had invested right after FTV's IPO a $1,000 in Fortive stock in 2016, it would worth $558.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Fortive stock historical price chart

FTV stock reached all-time highs on April with a price of $89.22.

Fortive stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not detected any price prediction for Fortive stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Fortive reported its latest financial data, posting a slightly fine gain for the Earnings per Share (EPS). Experts expected $0.86 per share, but Fortive posted $0.91.
FTV earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.68n/a
2017-Q32017-10-260.730.775.5%
2017-Q42018-02-080.780.825.1%
2018-Q12018-04-260.740.785.4%
2018-Q22018-07-260.890.912.2%
2018-Q32018-10-250.880.86-2.3%
2018-Q42019-02-070.860.915.8%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Fortive annual turnover boosted an exceptional 12.10% to $6,452.70 M USD from $5,756.10 marked in 2017. When comparing 2018 vs 2017, in line, profit margin (that is, the net income divided by revenues) climbed a 27.01% to 45.16%.

FTV annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$5,960 M-$831 M13.9%-
2014$6,337 M6.33%$883 M13.9%6.32%
2015$6,179 M-2.50%$864 M14.0%-2.22%
2016$6,224 M0.74%$872 M14.0%0.98%
2017$5,756 M-7.52%$1,045 M18.1%19.74%
2018$6,453 M12.10%$2,914 M45.2%178.97%

Quarterly financial results

Fortive reported $1,015.90 M in sales for 2018-Q4, a -44.79% decline compared to previous quarter. Reported quarter income marked $2,112.30 million with a profit margin of 207.92%. Profit margin skyrocketed a 194.59% compared to previous quarter when profit margin was 13.33%. When comparing revenues to same quarter last year, Fortive sales marked a bloodcurdling loss and plunged a -43.77%. Looking back to recent quarterly results, Fortive posted 2 negative quarters in a row.
FTV quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,630 M-$240 M14.7%-
2017-Q3$1,690 M3.68%$268 M15.8%11.54%
2017-Q4$1,807 M6.91%$337 M18.6%25.80%
2018-Q1$1,741 M-3.65%$261 M15.0%-22.47%
2018-Q2$1,856 M6.62%$295 M15.9%12.94%
2018-Q3$1,840 M-0.86%$245 M13.3%-16.85%
2018-Q4$1,016 M-44.79%$2,112 M207.9%761.11%
2019-Q1$1,593 M56.80%$164 M10.3%-92.22%

Fortive ownership

When you are planning to invest in shares of a stock, it's always worth to have a look its ownership structure.

Fortive shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 12.12% of all shares.

Bearish positions for FTV stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related stocks:

FTV
Market cap$25.4 B
Total shares335.8 M
Float shares294.9 M
  - Institutional holdings (%)84.9%
  - Insider holdings (%)12.1%
Shares in short selling0.0%

Fortive summary

Friday, February 21st, 2020
Open$76.27
Close$75.78
Day range$75.67 - $76.51
Previous close$76.79
Session gain-1.32%
Average true range$1.43
50d mov avg$76.93
100d mov avg$73.55
200d mov avg$74.42
Daily pattern
Weekly pattern lt06a

Fortive performance

To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Fortive performance to :
Stock3m6m12m
FTVFortive7.29%11.05%-6.61%

Fortive competitors

Unfortunately, we could not find any public company that could be defined as Fortive competitor. This doesn't mean Fortive does not have any competitor in the market, it's just we could not detected it.

    Latest Fortive stock news