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Fortive Corp Stock Research

FTV

74.28USD+0.36(+0.49%)Market Closed
Watchlist

Market Summary

USD74.28+0.36
Market Closed
0.49%

FTV Stock Price

FTV RSI Chart

FTV Valuation

Market Cap

26.1B

Price/Earnings (Trailing)

32.69

Price/Sales (Trailing)

4.38

EV/EBITDA

22.34

Price/Free Cashflow

22.06

FTV Price/Sales (Trailing)

FTV Profitability

EBT Margin

15.03%

Return on Equity

7.74%

Return on Assets

4.83%

Free Cashflow Yield

4.53%

FTV Fundamentals

FTV Revenue

Revenue (TTM)

6.0B

Revenue Y/Y

4.31%

Revenue Q/Q

4.5%

FTV Earnings

Earnings (TTM)

799.7M

Earnings Y/Y

20.81%

Earnings Q/Q

20.39%

Price Action

52 Week Range

57.4379.90
(Low)(High)

Last 7 days

-2.2%

Last 30 days

-4.5%

Last 90 days

4.6%

Trailing 12 Months

22.0%

FTV Financial Health

Current Ratio

0.93

Debt/Equity

0.37

Debt/Cashflow

0.37

FTV Investor Care

Dividend Yield

0.42%

Dividend/Share (TTM)

0.28

Buy Backs (1Y)

1.54%

Diluted EPS (TTM)

2.25

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for FTV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-15
Mulhall Christopher M.
sold (taxes)
-10,203
79.1
-129
vp - chief accounting officer
2023-07-31
Murphy Patrick K
sold (taxes)
-130,609
78.35
-1,667
president & ceo of ahs
2023-07-28
McLaughlin Charles E
acquired
460,994
27.26
16,911
svp - chief financial officer
2023-07-28
Mulhall Christopher M.
sold
-340,862
76.84
-4,436
vp - chief accounting officer
2023-07-28
Murphy Patrick K
sold
-1,667,160
76.5
-21,793
president & ceo of ahs
2023-07-28
LICO JAMES A
sold (taxes)
-8,689,370
77.00
-112,849
president and ceo
2023-07-28
Mulhall Christopher M.
acquired
131,436
29.6295
4,436
vp - chief accounting officer
2023-07-28
Mulhall Christopher M.
sold
-361,195
76.85
-4,700
vp - chief accounting officer
2023-07-28
Mulhall Christopher M.
acquired
113,434
29.3187
3,869
vp - chief accounting officer
2023-07-28
McLaughlin Charles E
sold
-1,296,400
76.66
-16,911
svp - chief financial officer

1–10 of 50

Which funds bought or sold FTV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
204
2,292
-%
2023-09-21
Jefferies Group LLC
new
-
543,181
543,181
-%
2023-09-20
BARCLAYS PLC
added
75.95
22,918,000
47,570,000
0.03%
2023-09-12
Farther Finance Advisors, LLC
reduced
-45.75
-17,198
25,272
0.01%
2023-09-07
ST GERMAIN D J CO INC
new
-
16,662,900
16,662,900
0.88%
2023-09-07
Scarborough Advisors, LLC
unchanged
-
26,858
304,256
0.07%
2023-08-29
EFG Asset Management (Americas) Corp.
reduced
-4.87
272,351
6,554,850
1.52%
2023-08-28
DT Investment Partners, LLC
unchanged
-
3,132
16,994
-%
2023-08-25
Brown Shipley& Co Ltd
added
8.12
471,411
3,008,220
1.23%
2023-08-25
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC
reduced
-0.94
2,041,000
25,643,000
3.54%

1–10 of 48

Latest Funds Activity

Are funds buying FTV calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FTV
No. of Funds

Schedule 13G FIlings of Fortive

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
May 10, 2023
t. rowe price investment management, inc.
10.2%
36,069,220
SC 13G/A
Feb 14, 2023
t. rowe price investment management, inc.
9.5%
33,770,658
SC 13G/A
Feb 09, 2023
vanguard group inc
11.14%
39,402,796
SC 13G/A
Feb 07, 2023
blackrock inc.
8.6%
30,542,592
SC 13G/A
Feb 06, 2023
wellington management group llp
5.12%
18,122,141
SC 13G/A
Jun 10, 2022
price t rowe associates inc /md/
11.0%
39,651,041
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
5.5%
19,758,392
SC 13G/A
Feb 04, 2022
wellington management group llp
6.19%
22,204,547
SC 13G/A
Feb 03, 2022
blackrock inc.
9.3%
33,420,429
SC 13G/A
Apr 12, 2021
vanguard group inc
10.05%
33,965,479
SC 13G/A

Recent SEC filings of Fortive

View All Filings
Date Filed Form Type Document
Aug 16, 2023
4
Insider Trading
Aug 03, 2023
4
Insider Trading
Jul 31, 2023
4
Insider Trading
Jul 31, 2023
4
Insider Trading
Jul 31, 2023
4
Insider Trading
Jul 31, 2023
4
Insider Trading
Jul 28, 2023
144
Notice of Insider Sale Intent
Jul 28, 2023
144
Notice of Insider Sale Intent
Jul 26, 2023
10-Q
Quarterly Report
Jul 26, 2023
8-K
Current Report

Peers (Alternatives to Fortive)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
140.1B
64.8B
0.01% 61.18%
16.75
2.16
19.88% 23.71%
70.6B
16.1B
-3.02% 24.49%
22.76
4.39
5.86% 17.15%
44.5B
32.5B
-0.84% 0.40%
12.2
1.37
27.80% 64.21%
26.1B
6.0B
-4.51% 21.99%
32.69
4.38
8.29% 22.02%
18.7B
6.1B
-9.62% 0.49%
42.56
3.09
15.93% 12.85%
MID-CAP
7.8B
3.2B
-2.25% 39.50%
18.41
2.48
11.48% 25.05%
7.3B
3.4B
-2.47% 17.74%
19.81
2.12
7.89% 16.35%
7.0B
4.1B
-9.40% 1.42%
15.34
1.71
10.28% -5.05%
5.1B
4.0B
1.57% 53.13%
21.48
1.29
13.86% 149.05%
5.0B
9.0B
-3.58% 29.88%
18.88
0.58
13.79% 139.94%
2.0B
1.6B
0.26% 39.28%
16.4
1.27
12.15% 49.02%
SMALL-CAP
1.5B
589.4M
2.22% 55.92%
43.51
2.54
4.36% 214.75%
1.3B
697.1M
-4.88% -22.56%
17.77
1.81
-5.05% 33.25%
141.5M
229.6M
3.45% -7.48%
32.39
0.62
-9.20% -52.65%

Fortive News

Defense World
DNB Asset Management AS Buys 1974 Shares of Fortive Co. (NYSE ....
Defense World,
23 hours ago

Returns for FTV

Cumulative Returns on FTV

8.5%


7-Year Cumulative Returns

0.6%


5-Year Cumulative Returns

6.9%


3-Year Cumulative Returns

Risks for FTV

What is the probability of a big loss on FTV?

63.9%


Probability that Fortive stock will be more than 20% underwater in next one year

28.1%


Probability that Fortive stock will be more than 30% underwater in next one year.

18.1%


Probability that Fortive stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FTV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Fortive was unfortunately bought at previous high price.

Drawdowns

Financials for Fortive

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.1%5,9735,9105,8265,6715,5165,3725,2555,2055,0644,7864,6344,5734,5644,6924,5645,0585,5095,9416,4536,2736,133
Gross Profit2.1%3,4923,4203,3633,2653,1653,0873,0072,9752,8812,7082,6092,5542,5212,5442,4832,6742,8823,1073,3213,2373,156
  S&GA Expenses1.5%2,0131,9841,9571,9561,9211,8921,8401,8351,8141,7611,7481,3821,5141,6481,7191,6191,4931,3611,2631,5531,493
  R&D Expenses0%403403402393380368355345337326321212252292320318303287278378376
EBITDA-100.0%-1,0831,0559649181,2411,1762,2402,1522,1522,040633772824927------
EBITDA Margin-100.0%-0.18*0.18*0.17*0.17*0.23*0.22*0.43*0.43*0.40*0.35*0.10*0.11*0.11*0.13*------
Interest Expenses10.8%12411298.0091.0090.0094.0010311512713814913814815614312410079.0077.0091.0091.00
Earnings Before Taxes4.7%9318898747927507506781,7661,6901,5541,508-51.5084.002173373874095045669381,029
EBT Margin-100.0%-0.15*0.15*0.14*0.14*0.14*0.13*0.34*0.33*0.31*0.26*0.00*0.02*0.03*0.05*------
Net Income4.7%8007647556936556636081,6591,7331,6821,6135915726167392,6582,6972,8172,9141,1381,161
Net Income Margin-100.0%-0.13*0.13*0.12*0.12*0.12*0.12*0.32*0.34*0.32*0.28*0.09*0.08*0.08*0.10*------
Free Cashflow-100.0%-1,1611,2071,0329769719119541,1441,3331,3611,5361,4171,1921,159------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.5%15,73115,80515,89115,89316,07116,26616,46614,97614,49614,27916,05217,20016,70616,93217,43916,66016,46815,65612,90613,86311,986
  Current Assets0.8%2,4752,4552,4772,4482,4452,4482,5152,4253,0862,8014,4473,7753,2503,4463,6893,4663,4365,7963,1713,4144,503
    Cash Equivalents5.9%7136737097056836848198381,5661,3001,8251,4891,0631,0411,2051,0611,0923,7291,1781,1452,368
  Inventory-1.6%561570537561548553513507488467456662665650416681694608575649642
  Net PPE0.1%426426422405408413396395400410422514520520416520515468396682690
  Goodwill-0.1%9,0529,0579,0498,9789,0589,1339,1528,2227,3477,3407,3598,3418,2988,2717,2427,9967,7516,1694,9946,7435,082
  Current Liabilities-1.7%2,5852,6302,7272,5922,6112,5623,7152,8692,5702,4752,8613,0412,8762,1213,4672,9162,7912,6402,1923,4802,299
    LT Debt, Current0.0%1,0001,0001,0001,0001,0001,0002,1521,1431,1351,1261,4009999992501,5001,0001,0001,0554561,825799
    LT Debt, Non Current-5.6%1,9782,0952,2522,5592,6822,7391,8071,4421,4421,4422,8304,6994,6865,8264,8265,0165,1974,7282,9753,1782,927
Shareholder's Equity1.0%9,9669,8709,6839,3919,4449,5619,5129,3189,2059,0098,9647,6767,3957,2427,3877,1527,0126,8516,5965,8305,625
  Retained Earnings2.7%7,0756,8916,7426,5406,3756,2266,0245,8825,7575,6175,5474,3734,1884,0994,1293,9773,8103,6763,5532,0571,854
  Additional Paid-In Capital1.3%3,7793,7313,7063,6773,6513,6193,6703,6243,6023,5643,5553,3923,3613,3343,3113,2913,2653,2403,1263,8633,837
Accumulated Depreciation2.1%7897737557417337236797016966806758908688438398268217988901,1351,115
Shares Outstanding-0.5%352354353354357359359359339339338338337337336336399398398416415
Minority Interest3.4%6.006.005.005.005.005.005.005.005.008.009.0012.0012.0011.0013.0012.0011.0012.0017.0019.0017.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations2.1%1,2891,2631,3031,1141,0461,0319619711,1911,3911,4371,6271,5271,3061,2711,2411,2471,3301,3441,3631,295
  Share Based Compensation3.9%10510194.0090.0086.0081.0077.0073.0070.0066.0063.0052.0053.0052.0053.0049.0045.0043.0041.0044.0043.00
Cashflow From Investing4.3%-104-109-102-1,500-2,639-2,624-2,615-1,226-98.20-112-148-692-834-4,074-4,054-2,519-5,188-1,951-1,966-3,696-1,675
Cashflow From Financing-0.4%-1,131-1,127-1,273299737974652-421-635-1,067-696-522-7021092,8031,2102,6773,3858792,5931,779
  Dividend Payments-0.3%99.0099.0010010010099.0098.0096.0095.0095.0094.0094.0094.0094.0094.0094.0095.0096.0097.0098.0097.00
  Buy Backs-13.2%32937944337624364.00---------------

FTV Income Statement

2023-06-30
Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Jun. 30, 2023
Jul. 01, 2022
Total sales$ 1,526.4$ 1,463.3$ 2,987.1$ 2,839.8
Total cost of sales(621.0)(629.8)(1,233.5)(1,214.3)
Gross profit905.4833.51,753.61,625.5
Operating costs:    
Selling, general and administrative expenses(514.0)(484.9)(1,021.7)(965.5)
Research and development expenses(100.1)(100.1)(200.2)(199.2)
Russia exit and wind down costs0.0(16.2)0.0(16.2)
Operating profit291.3232.3531.7444.6
Non-operating income (expense), net:    
Interest expense, net(33.1)(21.0)(65.2)(39.8)
Other non-operating expense, net(7.8)(3.1)(10.3)(5.8)
Earnings before income taxes250.4208.2456.2399.0
Income taxes(41.4)(35.2)(73.6)(60.9)
Net earnings$ 209.0$ 173.0$ 382.6$ 338.1
Net earnings per share:    
Basic (in dollars per share)$ 0.59$ 0.48$ 1.08$ 0.94
Diluted (in dollars per share)$ 0.59$ 0.48$ 1.07$ 0.93
Average common stock and common equivalent shares outstanding:    
Basic (in shares)353.0357.4353.3358.3
Diluted (in shares)355.5359.8356.0364.2
Sales of products and software    
Total sales$ 1,290.8$ 1,229.4$ 2,527.4$ 2,382.1
Total cost of sales(500.1)(508.3)(985.2)(973.4)
Sales of services    
Total sales235.6233.9459.7457.7
Total cost of sales$ (120.9)$ (121.5)$ (248.3)$ (240.9)

FTV Balance Sheet

2023-06-30
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and equivalents$ 712.8$ 709.2
Trade accounts receivable less allowance for doubtful accounts of $40.4 at June 30, 2023 and $43.9 at December 31, 2022935.2958.5
Inventories:  
Finished goods231.2215.3
Work in process105.296.4
Raw materials224.8225.0
Inventories561.2536.7
Prepaid expenses and other current assets265.4272.6
Total current assets2,474.62,477.0
Property, plant and equipment, net of accumulated depreciation of $789.2 at June 30, 2023 and $754.5 at December 31, 2022425.9421.9
Other assets474.3455.8
Goodwill9,051.99,048.5
Other intangible assets, net3,304.03,487.4
Total assets15,730.715,890.6
Current liabilities:  
Current portion of long-term debt999.9999.7
Trade accounts payable585.6623.0
Accrued expenses and other current liabilities999.51,104.4
Total current liabilities2,585.02,727.1
Other long-term liabilities1,195.71,223.3
Long-term debt1,978.22,251.6
Commitments and Contingencies (Note 8)
Equity:  
Common stock: $0.01 par value, 2.0 billion shares authorized; 362.7 million issued and 351.9 million outstanding at June 30, 2023; 361.5 million issued and 352.9 million outstanding at December 31, 20223.63.6
Additional paid-in capital3,778.73,706.3
Treasury shares, at cost(572.0)(442.9)
Retained earnings7,075.46,742.1
Accumulated other comprehensive loss(319.9)(325.7)
Total Fortive stockholders’ equity9,965.89,683.4
Noncontrolling interests6.05.2
Total stockholders’ equity9,971.89,688.6
Total liabilities and equity$ 15,730.7$ 15,890.6
James A. Lico
18000
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.