Home News Up or Down: Fortive Corporation (NYSE: FTV)

Up or Down: Fortive Corporation (NYSE: FTV)

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Fortive Corporation is in the computer hardware industry and is in the technology sector. The company CEO is James A. Lico. Fortive Corp is a United States based company diversified industrial growth company. It has two business segments namely, Professional Instrumentation and Industrial Technologies.

Previous Intraday Trading Performance:

The FTV stock showed a previous change of -0.12% with an open at 82.77 and a close of 82.54. It reached an intraday high of 83.15 and a low of 82.43.

Business Wire:  Fortive to Present at Bank of America Merrill Lynch Global Industrials Conference

Liquidity:

The stock has a market cap of $27.6b with 334.6m shares outstanding, of which the float is 327.3m shares. Trading volume reached 1,849,362 shares compared to its average volume of 1,775,028 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Fortive Corporation shares returned 0.44% and in the past 30 trading days it returned 11.14%. Over three months, it changed 21.58%. In one year it has changed 6.06% and within that year its 52-week high was 88.34 and its 52-week low was 62.89. FTV stock is 31.25% above its 52 Week Low.

Our calculations show a 200 day moving average of 77.27 and a 50 day moving average of 76.23. Currently FTV stock is trading 6.82% above its 200 day moving average.

Business Wire:  Fortive to Present at Bank of America Merrill Lynch Global Industrials Conference

Earnings:

The last annual fiscal EPS for the company was reported at 8.21 that ended on 31st of December 2018, which according to the previous close, that is a PE of 10.05. Based on 8 analyst estimates, the consensus EPS for the next quarter is 0.86. The TTM EPS is 3.46, which comes to a TTM PE of 23.86.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.91
09-30-2018:  0.86
06-30-2018:  0.91
03-31-2018:  0.78

The dividend per share is currently 0.28, which is a dividend yield of 0.34%. Also, the payout ratio is 8.09%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 81.73, which means it may be overvalued by -0.99%

Indicators to Watch:

Based on the latest filings, there is 2.10% of insider ownership and 140.90% of institutional ownership. Short-interest is 10,624,596, which is 3.18% of shares outstanding. The short-interest ratio or days-to-cover ratio is 5.80. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.20

SeekingAlpha:  Flowserve Corp (FLS) CEO Scott Rowe on Q4 2018 Results – Earnings Call Transcript

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 55.44%, return on assets is 24.60%, profit margin is 38.79%, price-to-sales is 3.84 and price-to-book is 4.19.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 1  :Past Performance Score
 3  :Financial Strength Score
 1  :Future Growth Score
 0  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.