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. Earlier, Yahoo Finance discussed this stock as it revealed Fortive to Present at the Citi Global Industrial Tech and Mobility Conference.
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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 $85.69 and fluctuated between $85.94 as its day high and $84.21 as its day low. The current market capitalization of Fortive Corp is $30.05B. A total of 0.95 million shares were traded on the day, compared to an average of 1.79M 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 37 BUYs and 23 SELLs from insiders. Insiders purchased 415,371 shares during that period but sold 200,298.
In the most recent transaction, Newcombe Tamara S. sold 5,000 shares of FTV for 85.00 per share on Feb 16. After the transaction, the President & CEO of AHS and PT now owns 55,017 company shares. In a previous transaction on Feb 09, Mulhall Christopher M. sold 8,994 shares at 82.17 per share. FTV shares that VP – Chief Accounting Officer owns now total 20,564.
Among the insiders who sold shares, Mulhall Christopher M. disposed of 6,088 shares on Feb 09 at a per-share price of $82.26. This resulted in the VP – Chief Accounting Officer holding 5,984 shares of FTV after the transaction. In another insider transaction, LICO JAMES A sold 106,525 shares at $81.50 per share on Feb 06. Company shares held by the President and CEO now total 439,948.
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 $0.37, resulting in a dividend yield of 0.43%, and it has a price to earnings (P/E) ratio of 35.16. FTV’s most recent ex-dividend date was 2/22/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 11/22/2023. The FTV stock dividend was $0.08 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 $86.39 with high estimates of $98.00 and low estimates of $75.00. In terms of 52-week highs and lows, FTV has a high of $85.34 and a low of $62.70.
As of this writing, FTV has an earnings estimate of $0.79 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.76.
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 $29.42, 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.
