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FTV

68.24USD+0.35(+0.52%)Market Closed

Fortive Corp

Market Summary

USD68.24+0.35Market Closed
0.52%

FTV Alerts

FTV Stock Price

RSI Chart

Valuation

Market Cap

22.7B

Price/Earnings

34.74

Price/Sales

4.01

Price/Cashflow

20.4

MarketCap/EBT

28.62

Price/Sales

Profitability

EBT Margin

14.00%

Return on Equity

6.96%

Return on Assets

4.11%

Fundamentals

Revenue

Revenue (TTM)

5.7B

Revenue Y/Y

11.91%

Revenue Q/Q

-0.5%

Earnings

Earnings (TTM)

653.9M

Earnings Y/Y

-4.37%

Earnings Q/Q

4.78%

Price Action

52 Week Range

76.84
(Low)(High)

Last 7 days

0.4%

Last 30 days

9.6%

Last 90 days

9.1%

Trailing 12 Months

-8.0%

Financial Health

Current Ratio

0.94

Debt/Equity

0.38

Debt/Cashflow

0.31

Investor Care

Dividend Yield

0.44%

Dividend/Share (TTM)

0.28

Buy Backs (1Y)

1.33%

Diluted EPS (TTM)

1.9

Peers (Alternatives to Fortive)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
116.5B
56.6B
10.06% 22.81%
17.23
2.16
16.98% 53.73%
65.8B
15.6B
8.93% -0.53%
24.83
4.2
9.75% -0.82%
33.5B
27.4B
10.94% 30.10%
12.87
1.22
22.19% 48.69%
22.7B
5.7B
9.62% -7.99%
34.74
4.01
8.95% -62.26%
18.5B
5.3B
9.17% -4.43%
43.88
3.54
1.79% 9.35%
MID-CAP
7.6B
3.9B
6.00% -18.78%
15.83
2.05
24.21% -7.22%
7.0B
3.3B
7.42% 7.63%
21.11
2.12
15.86% 16.00%
6.4B
2.8B
13.80% -11.33%
18.69
2.25
5.38% 424.65%
5.8B
7.9B
6.22% -15.58%
47.81
0.73
1.72% -75.01%
3.7B
3.5B
14.90% 6.75%
39.27
1.07
-3.08% -49.16%
2.6B
4.3B
0.61% 53.23%
10.3
0.6
17.80% 81.88%
SMALL-CAP
1.8B
770.7M
8.08% 20.37%
27.58
2.34
35.78% 53.78%
1.8B
1.4B
1.44% 5.86%
21.38
1.25
15.70% 16.86%
1.5B
571.2M
-1.30% 16.73%
93.33
2.56
8.05% -58.80%
157.3M
256.3M
8.87% -14.16%
17.68
0.61
21.67% 724.65%

Financials for Fortive

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.8%5,6715,5165,3725,2555,205
Gross Profit3.2%3,2653,1643,0863,0062,974
  S&GA Expenses1.9%1,9561,9211,8921,8401,452
  R&D Expenses3.5%393380368355252
Earnings Before Taxes5.8%7947507506781,764
Net Income-1.2%6546626071,658
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-1.1%15,89316,07116,26616,46614,976
  Current Assets0.1%2,4482,4452,4482,5152,425
    Cash Equivalents3.3%705683684819838
  Inventory2.3%561548553513507
  Net PPE-0.6%405408413396395
  Goodwill-0.9%8,9789,0589,1339,1528,222
  Current Liabilities-0.7%2,5922,6112,5623,7152,869
  Long Term Debt-3.3%3,5593,6823,7393,9592,585
    LT Debt, Current0%1,0001,0001,0002,2001,143
    LT Debt, Non Current-4.6%2,5592,6822,7391,8071,442
Shareholder's Equity-0.6%9,3919,4449,5619,5129,318
  Retained Earnings2.6%6,5406,3756,2266,0245,882
  Additional Paid-In Capital0.7%3,6773,6513,6193,6703,624
Accumulated Depreciation1.0%741733723679701
Shares Outstanding-0.5%354356358359359
Minority Interest-3.9%55555
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations6.5%1,1141,0461,031961971
  Share Based Compensation5.3%9086817758
Cashflow From Investing43.2%-1,500.30-2,639.20-2,624.90-2,615.60-1,226.90
Cashflow From Financing-59.5%299737974652-421.00
  Dividend Payments1.2%100999896
  Buy Backs54.8%501324850
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on FTV?

61.1%


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.

Returns

Cumulative Returns on FTV

2.0%


5-Year Cumulative Returns

4.8%


3-Year Cumulative Returns

What are the long-term rolling returns for FTV?

FIve years rolling returns for Fortive.

Which funds bought or sold FTV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
369
2,000
-%
2022-11-23
Toroso Investments, LLC
ADDED
3.89
53,000
516,000
0.02%
2022-11-22
CVA Family Office, LLC
-
-
8,000
65,000
0.02%
2022-11-22
CONTINENTAL INVESTORS SERVICES, INC.
NEW
-
292,000
292,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
11,577,000
11,577,000
0.14%
2022-11-21
ST GERMAIN D J CO INC
-
-
-
11,723,000
0.77%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
1,891,000
34,682,000
0.06%
2022-11-21
FourThought Financial, LLC
-
-
4,000
64,000
0.01%
2022-11-18
National Pension Service
REDUCED
-8.65
-149,000
27,330,000
0.06%
2022-11-18
RIVER & MERCANTILE ASSET MANAGEMENT LLP
NEW
-
356,000
356,000
0.07%

1–10 of 45

Latest Funds Activity

Are funds buying FTV calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own FTV

Fortive News

Financial Times

Recession watch: manufacturing edition.28 hours ago

FTV Fair Value

Fortive fair value in different scenarios

The table shows the Fair Value estimates for Fortive for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

18.88

-72.33%

27.62

-59.53%

35.35

-48.20%

49.28

-27.78%

66.05

-3.21%

Current Inflation

17.76

-73.97%

25.17

-63.12%

31.69

-53.56%

43.77

-35.86%

58.15

-14.79%

Very High Inflation

16.32

-76.08%

22.17

-67.51%

27.31

-59.98%

37.25

-45.41%

48.91

-28.33%

Historical Fortive Fair Value Estimates


Recent SEC filings of Fortive

View All Filings
Date Filed Form Type Document
Nov 16, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 08, 2022
8-K
Current Report
Oct 26, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Oct 20, 2022
8-K
Current Report
Oct 05, 2022
4
Insider Trading
Oct 05, 2022
4
Insider Trading
Oct 05, 2022
4
Insider Trading

Latest Insider Trading transactions for FTV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
Mulhall Christopher M.
SOLD FOR TAXES
-13,748.4
66.74
-206
VP - Chief Accounting Officer
2022-11-11
Murphy Patrick K
ACQUIRED
1,157,740
35.31
32,788
President & CEO of AHS
2022-11-11
McLaughlin Charles E
SOLD
-900,397
68.44
-13,156
SVP - Chief Financial Officer
2022-11-11
Murphy Patrick K
SOLD
-2,247,950
68.56
-32,788
President & CEO of AHS
2022-08-15
Mulhall Christopher M.
ACQUIRED
-
-
1,588
VP - Chief Accounting Officer
2022-07-29
Murphy Patrick K
SOLD (Taxes)
-103,184
64.45
-1,601
President & CEO of AHS
2022-07-25
McLaughlin Charles E
ACQUIRED
438,978
20.73
21,176
SVP - Chief Financial Officer
2022-07-25
McLaughlin Charles E
SOLD (Taxes)
-752,141
58.31
-12,899
SVP - Chief Financial Officer
2022-06-06
Dubey Sharmistha
ACQUIRED
125,155
34.7171
3,605
-
2022-06-06
MITCHELL KATE
ACQUIRED
150,246
37.3282
4,025
-

1–10 of 50

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.

FTV Income Statement

2022-09-30
Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Sep. 30, 2022
Oct. 01, 2021
Total sales$ 1,456.0$ 1,301.0$ 4,295.8$ 3,879.9
Total cost of sales(610.6)(555.3)(1,824.9)(1,666.8)
Gross profit845.4745.72,470.92,213.1
Operating costs:    
Selling, general and administrative expenses(491.3)(455.6)(1,456.8)(1,340.1)
Research and development expenses(101.1)(87.8)(300.3)(261.8)
Russia exit and wind down costs(1.1)0.0(17.3)0.0
Operating profit251.9202.3696.5611.2
Non-operating income (expense), net:    
Interest expense, net(26.4)(25.1)(66.2)(78.0)
Loss on extinguishment of debt0.00.00.0(104.9)
Gain on investment in Vontier Corporation0.00.00.057.0
Gain on litigation resolution0.00.00.026.0
Other non-operating expense, net(8.0)(1.6)(13.8)(9.5)
Earnings from continuing operations before income taxes217.5175.6616.5501.8
Income taxes(27.6)(23.0)(88.5)(55.5)
Net earnings from continuing operations189.9152.6528.0446.3
Earnings (loss) from discontinued operations, net of income taxes0.0(0.3)0.0(2.9)
Net earnings189.9152.3528.0443.4
Mandatory convertible preferred dividends0.00.00.0(34.5)
Net earnings attributable to common stockholders$ 189.9$ 152.3$ 528.0$ 408.9
Net earnings per common share from continuing operations:    
Basic (in dollars per share)$ 0.53$ 0.42$ 1.48$ 1.19
Diluted (in dollars per share)0.530.421.461.18
Net earnings (loss) per share from discontinued operations:    
Basic (in dollars per share)000(0.01)
Diluted (in dollars per share)000(0.01)
Net earnings per share:    
Basic (in dollars per share)0.530.421.481.18
Diluted (in dollars per share)$ 0.53$ 0.42$ 1.46$ 1.17
Average common stock and common equivalent shares outstanding:    
Basic (in shares)355.2358.9357.3345.6
Diluted (in shares)357.9362.2362.0348.8
Sales of products and software    
Total sales$ 1,227.7$ 1,107.1$ 3,609.8$ 3,320.3
Total cost of sales(494.4)(448.3)(1,467.8)(1,356.6)
Sales of services    
Total sales228.3193.9686.0559.6
Total cost of sales$ (116.2)$ (107.0)$ (357.1)$ (310.2)

FTV Balance Sheet

2022-09-30
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and equivalents$ 705.3$ 819.3
Trade accounts receivable, net901.0930.2
Inventories:  
Finished goods228.5215.4
Work in process105.194.0
Raw materials226.9203.3
Inventories560.5512.7
Prepaid expenses and other current assets281.1252.7
Total current assets2,447.92,514.9
Property, plant and equipment, net of accumulated depreciation of $740.6 and $679.0 at September 30, 2022 and December 31, 2021, respectively405.2395.5
Other assets494.2512.9
Goodwill8,977.59,152.0
Other intangible assets, net3,568.33,890.2
Total assets15,893.116,465.5
Current liabilities:  
Current portion of long-term debt999.92,151.7
Trade accounts payable572.6557.9
Accrued expenses and other current liabilities1,019.61,005.3
Total current liabilities2,592.13,714.9
Other long-term liabilities1,346.31,426.3
Long-term debt2,559.01,807.3
Commitments and Contingencies
Equity:  
Preferred stock: $0.01 par value, 15.0 million shares authorized and no shares issued or outstanding at September 30, 2022 and December 31, 20210.00.0
Common stock: $0.01 par value, 2.0 billion shares authorized; 361.4 and 360.4 million issued; 353.8 and 359.1 million outstanding at September 30, 2022 and December 31, 2021, respectively3.63.6
Additional paid-in capital3,677.43,670.0
Treasury shares, at cost(376.1)0.0
Retained earnings6,539.66,023.6
Accumulated other comprehensive loss(453.7)(185.0)
Total Fortive stockholders’ equity9,390.89,512.2
Noncontrolling interests4.94.8
Total stockholders’ equity9,395.79,517.0
Total liabilities and equity$ 15,893.1$ 16,465.5