After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Fortive Corporation (FTV) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $65.52. The Fortive Corporation has recorded 64,845 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that CORRECTING and REPLACING Fortive to Present at the Bank of America Global Industrials Conference.
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Stocks Info
Fortive Corporation is listed on the NYSE in the Technology sector while operating in the Scientific & Technical Instruments industry. At the end of the last regular session, the stock closed at $65.52 and fluctuated between $65.93 as its day high and $63.69 as its day low. The current market capitalization of Fortive Corporation is $23.76B. A total of 3.24 million shares were traded on the day, compared to an average of 1.73M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, FTV has seen 3 BUY and 20 SELL insider trades, representing the acquisition of 15,711 and the disposition of 30,997 shares. Over the last 12 months, there were 20 BUYs and 27 SELLs from insiders. Insiders purchased 113,643 shares during that period but sold 92,243.
In the most recent transaction, Walker Stacey A. sold 3,249 shares of FTV for 67.75 per share on Feb 27. After the transaction, the SVP – Human Resources now owns 32,721 company shares. In a previous transaction on Feb 23, Walker Stacey A. sold 1,336 shares at 66.39 per share. FTV shares that SVP – Human Resources owns now total 37,946.
Among the insiders who sold shares, Walker Stacey A. disposed of 2,063 shares on Feb 17 at a per-share price of $68.67. This resulted in the SVP – Human Resources holding 40,150 shares of FTV after the transaction. In another insider transaction, Murphy Patrick K sold 32,788 shares at $68.56 per share on Nov 11. Company shares held by the President & CEO of AHS now total 62,929.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Fortive Corporation pays an annual dividend of $0.28, resulting in a dividend yield of 0.43%, and it has a price to earnings (P/E) ratio of 31.26. FTV’s most recent ex-dividend date was 2/23/2023 when it declared a $0.07 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 11/29/2022. The FTV stock dividend was $0.07 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for FTV in the last 3 months, the mean price target is $75.41 with high estimates of $91.00 and low estimates of $63.00. In terms of 52-week highs and lows, FTV has a high of $69.78 and a low of $52.47.
As of this writing, FTV has an earnings estimate of $0.73 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.71. The company reported an EPS of $0.79 in the last quarter, which was 3.90% higher than expectations of $0.76.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FTV is Sell with a score of 4.18. A total of 10 analysts rated the stock as Buy while 4 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
