Fortive stock: buy or sell?
February 21st, 2020
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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%.
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.
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 targetNobody 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|2013||$5,960 M||-||$831 M13.9%||-|
|2014||$6,337 M||6.33%||$883 M13.9%||6.32%|
|2015||$6,179 M||-2.50%||$864 M14.0%||-2.22%|
|2016||$6,224 M||0.74%||$872 M14.0%||0.98%|
|2017||$5,756 M||-7.52%||$1,045 M18.1%||19.74%|
|2018||$6,453 M||12.10%||$2,914 M45.2%||178.97%|
Quarterly financial resultsFortive 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.
|2017-Q2||$1,630 M||-||$240 M14.7%||-|
|2017-Q3||$1,690 M||3.68%||$268 M15.8%||11.54%|
|2017-Q4||$1,807 M||6.91%||$337 M18.6%||25.80%|
|2018-Q1||$1,741 M||-3.65%||$261 M15.0%||-22.47%|
|2018-Q2||$1,856 M||6.62%||$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 M||56.80%||$164 M10.3%||-92.22%|
Fortive ownershipWhen 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:
|Market cap||$25.4 B|
|Total shares||335.8 M|
|Float shares||294.9 M|
|- Institutional holdings (%)||84.9%|
|- Insider holdings (%)||12.1%|
|Shares in short selling||0.0%|
|Friday, February 21st, 2020|
|Day range||$75.67 - $76.51|
|Average true range||$1.43|
|50d mov avg||$76.93|
|100d mov avg||$73.55|
|200d mov avg||$74.42|
Fortive performanceTo measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Fortive performance to :
Fortive competitorsUnfortunately, 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
- InvestorPlace3 Big Stock Charts for Tuesday: Micron Technology, Fortive and Morgan StanleyDecember 11, 2018
- InvestorPlace3 Stock Charts for Monday: Cisco Systems, Fortive and Walgreens Boots AllianceOctober 29, 2018
- InvestorPlaceThursday’s Vital Data: Square, Netflix and FortiveSeptember 27, 2018
- Seeking AlphaFortive And Altra Industrial Motion: Exchange Offer Worth Considering NowSeptember 19, 2018
- InvestorPlace3 Big Stock Charts for Tuesday: Fortive, General Mills and Macy’sSeptember 18, 2018