After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Fortive Announces Completion of EA Elektro-Automatik Acquisition.
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Stocks Info
Fortive Corp is listed on the NYSE as a member of the Technology sector and is a part of the Scientific & Technical Instruments industry. At the end of the last regular session, the stock closed at $71.58 and fluctuated between $71.69 as its day high and $70.82 as its day low. The current market capitalization of Fortive Corp is $25.16B. A total of 1.01 million shares were traded on the day, compared to an average of 2.10M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FTV has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 4,689 shares. Over the last 12 months, there were 40 BUYs and 42 SELLs from insiders. Insiders purchased 431,082 shares during that period but sold 229,959.
In the most recent transaction, Murphy Patrick K sold 21,793 shares of FTV for 76.50 per share on Jul 28. After the transaction, the President & CEO of AHS now owns 60,716 company shares. In a previous transaction on Jul 28, McLaughlin Charles E sold 16,911 shares at 76.66 per share. FTV shares that SVP – Chief Financial Officer owns now total 101,319.
Among the insiders who sold shares, Mulhall Christopher M. disposed of 4,700 shares on Jul 28 at a per-share price of $76.85. This resulted in the VP – Chief Accounting Officer holding 21,507 shares of FTV after the transaction. In another insider transaction, Mulhall Christopher M. sold 4,436 shares at $76.84 per share on Jul 28. Company shares held by the VP – Chief Accounting Officer now total 6,113.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Fortive Corp pays an annual dividend of $0.29, resulting in a dividend yield of 0.40%, and it has a price to earnings (P/E) ratio of 30.80. FTV’s most recent ex-dividend date was 11/22/2023 when it declared a $0.08 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 8/31/2023. The FTV stock dividend was $0.07 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FTV in the last 3 months, the mean price target is $81.48 with high estimates of $96.00 and low estimates of $70.00. In terms of 52-week highs and lows, FTV has a high of $79.90 and a low of $62.70.
As of this writing, FTV has an earnings estimate of $0.94 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.95 per share and a lower estimate of $0.92. The company reported an EPS of $0.85 in the last quarter, which was 4.90% higher than expectations of $0.81.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FTV’s latest balance sheet shows that the firm has $819.30M in Cash & Short Term Investments as of fiscal 2021. There were $4.14B in debt and $3.71B in liabilities at the time. Its Book Value Per Share was $28.68, while its Total Shareholder’s Equity was $9.52B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 4.13.
