Taking On Challenges And Growing? – Fortive Corp (FTV)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Fortive to Present at the Bank of America Global Industrials Conference.

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Stocks Info

This NYSE-listed company operates within the Scientific & Technical Instruments industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $86.20 and fluctuated between $86.39 as its day high and $84.47 as its day low. The current market capitalization of Fortive Corp is $30.29B. A total of 1.47 million shares were traded on the day, compared to an average of 1.69M shares.

In the most recent transaction, Walker Stacey A. sold 842 shares of FTV for 85.11 per share on Feb 29 ’24. After the transaction, the SVP – Human Resources now owns 35,716 company shares. In a previous transaction on Feb 28 ’24, McLaughlin Charles E sold 40,837 shares at 86.28 per share. FTV shares that SVP – Chief Financial Officer owns now total 61,855.

Among the insiders who sold shares, Walker Stacey A. disposed of 9,106 shares on Feb 28 ’24 at a per-share price of $86.50. This resulted in the SVP – Human Resources holding 36,558 shares of FTV after the transaction. In another insider transaction, Underwood Peter C sold 5,000 shares at $86.39 per share on Feb 28 ’24. Company shares held by the SVP – General Counsel now total 47,138.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Fortive Corp pays an annual dividend of $0.30, resulting in a dividend yield of 0.35%, and it has a price to earnings (P/E) ratio of 35.40. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FTV has a high of $86.61 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 14 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.76.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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.

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