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Fortive Corp Stock Research

FTV

67.79USD+2.67(+4.10%)Delayedas of 26 May 2023, 12:24 pm

Market Summary

USD67.79+2.67
Delayedas of 26 May 2023, 12:24 pm
4.10%

FTV Stock Price

FTV RSI Chart

FTV Valuation

Market Cap

23.0B

Price/Earnings (Trailing)

30.14

Price/Sales (Trailing)

3.9

EV/EBITDA

20.64

Price/Free Cashflow

19.83

FTV Price/Sales (Trailing)

FTV Profitability

EBT Margin

14.99%

Return on Equity

7.8%

Return on Assets

4.75%

Free Cashflow Yield

5.04%

FTV Fundamentals

FTV Revenue

Revenue (TTM)

5.9B

Revenue Y/Y

6.12%

Revenue Q/Q

-4.52%

FTV Earnings

Earnings (TTM)

763.7M

Earnings Y/Y

5.15%

Earnings Q/Q

-23.59%

Price Action

52 Week Range

52.4769.78
(Low)(High)

Last 7 days

-1.2%

Last 30 days

-0.3%

Last 90 days

-2.8%

Trailing 12 Months

10.2%

FTV Financial Health

Current Ratio

0.91

Debt/Equity

0.37

Debt/Cashflow

0.37

FTV Investor Care

Dividend Yield

0.42%

Dividend/Share (TTM)

0.28

Buy Backs (1Y)

1.61%

Diluted EPS (TTM)

2.14

Peers (Alternatives to Fortive)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
118.3B
61.7B
-3.96% 1.69%
17.64
1.99
17.14% 3.25%
67.4B
15.9B
-5.59% 11.40%
22.23
4.23
10.22% 12.62%
38.3B
30.8B
-5.05% -14.35%
12.71
1.33
27.62% 57.63%
23.0B
5.9B
-0.31% 10.24%
30.14
3.9
10.01% 15.14%
18.9B
5.7B
-3.92% 22.77%
53.13
3.42
9.35% -16.86%
MID-CAP
7.7B
3.4B
0.06% 25.24%
21.59
2.26
10.23% 12.47%
7.6B
4.0B
-1.84% -3.77%
17.34
1.88
16.01% -7.23%
7.0B
3.1B
-4.33% 14.25%
18.96
2.33
9.55% 28.63%
5.0B
8.6B
-4.02% -18.13%
18.88
0.58
7.43% -26.63%
4.4B
3.8B
3.22% 13.15%
23.32
1.22
7.69% 140.86%
2.6B
-
0.61% 53.23%
10.31
0.6
- -
2.1B
1.6B
-2.20% 51.66%
17.76
1.33
12.88% 43.76%
SMALL-CAP
1.5B
585.1M
6.42% 29.17%
62.43
2.52
5.21% -31.13%
1.3B
746.9M
-2.35% -5.16%
16.53
1.75
9.53% 72.07%
141.2M
238.6M
-2.86% -18.37%
23.45
0.59
-3.77% -37.52%

Financials for Fortive

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.4%5,9105,8265,6715,5165,372
Gross Profit1.7%3,4203,3633,2653,1653,087
  S&GA Expenses1.4%1,9841,9571,9561,9211,892
  R&D Expenses0.2%403402393380368
EBITDA9.5%1,0559649181,241-
EBITDA Margin6.6%0.18*0.17*0.17*0.23*-
Earnings Before Taxes1.7%889874792750750
EBT Margin7.3%0.15*0.14*0.14*0.14*-
Interest Expenses13.5%11298.0091.0090.0094.00
Net Income1.1%764755693655663
Net Income Margin6.1%0.13*0.12*0.12*0.12*-
Free Cahsflow17.0%1,2071,032976971-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.5%15,80515,89115,89316,07116,266
  Current Assets-0.9%2,4552,4772,4482,4452,448
    Cash Equivalents-5.1%673709705683684
  Inventory6.2%570537561548553
  Net PPE0.9%426422405408413
  Goodwill0.1%9,0579,0498,9789,0589,133
  Current Liabilities-3.6%2,6302,7272,5922,6112,562
  Long Term Debt-3.3%3,5593,6823,739--
    LT Debt, Current0.0%1,0001,0001,0001,0001,000
    LT Debt, Non Current-7.0%2,0952,2522,5592,6822,739
Shareholder's Equity1.9%9,8709,6839,3919,4449,561
  Retained Earnings2.2%6,8916,7426,5406,3756,226
  Additional Paid-In Capital0.7%3,7313,7063,6773,6513,619
Accumulated Depreciation2.4%773755741733723
Shares Outstanding0.2%354353354356359
Minority Interest11.5%6.005.005.005.005.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-3.1%1,2631,3031,1141,0461,031
  Share Based Compensation7.2%10194.0090.0086.0081.00
Cashflow From Investing-6.7%-109-102-1,500-2,639-2,624
Cashflow From Financing11.4%-1,127-1,273299737974
  Dividend Payments-0.4%99.0010010010099.00
  Buy Backs-14.4%37944337624364.00

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

Returns for FTV

Cumulative Returns on FTV

0.8%


5-Year Cumulative Returns

10.1%


3-Year Cumulative Returns

What are the long-term rolling returns for FTV?

FIve years rolling returns for Fortive.

Annualized Returns

Which funds bought or sold FTV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Brookfield Corp /ON/
new
-
8,158,450
8,158,450
0.03%
2023-05-23
MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID
reduced
-1.2
900,236
19,553,700
1.39%
2023-05-23
Front Row Advisors LLC
added
60.34
6,000
13,000
0.01%
2023-05-23
Toroso Investments, LLC
added
104
734,000
1,360,000
0.02%
2023-05-22
AMERIPRISE FINANCIAL INC
added
136
49,761,000
82,839,000
0.03%
2023-05-22
PUTNAM INVESTMENTS LLC
added
3.01
12,579,000
147,879,000
0.24%
2023-05-18
JPMORGAN CHASE & CO
added
23.5
11,865,500
50,096,500
0.01%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-4.78
374,000
36,852,000
0.05%
2023-05-17
Sunbelt Securities, Inc.
new
-
12,323
12,323
-%
2023-05-17
Advisory Services Network, LLC
reduced
-6.35
-149
23,111
-%

1–10 of 42

Latest Funds Activity

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

Fortive News

Nasdaq
Fortive (FTV) Reaffirms 2023 Guidance, Provides 2028 Targets.
Nasdaq,
4 hours ago
Business Wire
Fortive to Webcast Investor Day.
Business Wire,
14 days ago

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

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

21.09

-68.89%

28.41

-58.09%

41.28

-39.11%

60.70

-10.46%

73.60

8.57%
Current Inflation

20.03

-70.45%

26.61

-60.75%

37.14

-45.21%

53.48

-21.11%

64.32

-5.12%
Very High Inflation

18.66

-72.47%

24.33

-64.11%

32.17

-52.54%

45.06

-33.53%

53.57

-20.98%

Historical Fortive Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Fortive

View All Filings
Date Filed Form Type Document
May 16, 2023
4
Insider Trading
May 10, 2023
SC 13G/A
Major Ownership Report
Apr 26, 2023
10-Q
Quarterly Report
Apr 26, 2023
8-K
Current Report
Apr 24, 2023
ARS
ARS
Apr 24, 2023
DEF 14A
DEF 14A
Apr 24, 2023
DEFA14A
DEFA14A
Apr 04, 2023
4
Insider Trading
Apr 04, 2023
4
Insider Trading
Apr 04, 2023
4
Insider Trading

Latest Insider Trading transactions for FTV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-15
Newcombe Tamara S.
sold (taxes)
-38,351
65.67
-584
president & ceo of pt
2023-02-28
Mulhall Christopher M.
sold (taxes)
-21,664
66.66
-325
vp - chief accounting officer
2023-02-28
Mulhall Christopher M.
sold (taxes)
-5,666
66.66
-85.00
vp - chief accounting officer
2023-02-27
LICO JAMES A
acquired
-
-
56,683
president and ceo
2023-02-27
Walker Stacey A.
sold
-220,120
67.75
-3,249
svp - human resources
2023-02-27
Walker Stacey A.
acquired
-
-
10,713
svp - human resources
2023-02-27
Underwood Peter C
acquired
-
-
9,137
svp - general counsel
2023-02-27
Mulhall Christopher M.
acquired
-
-
5,885
vp - chief accounting officer
2023-02-27
Newcombe Tamara S.
acquired
-
-
14,705
president & ceo of pt
2023-02-27
Mulhall Christopher M.
acquired
-
-
2,206
vp - chief accounting officer

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

2023-03-31
Consolidated Condensed Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Total sales$ 1,460.7$ 1,376.5
Total cost of sales(612.5)(584.5)
Gross profit848.2792.0
Operating costs:  
Selling, general and administrative expenses(507.7)(480.6)
Research and development expenses(100.1)(99.1)
Operating profit240.4212.3
Non-operating income (expense), net:  
Interest expense, net(32.1)(18.8)
Other non-operating expense, net(2.5)(2.7)
Earnings before income taxes205.8190.8
Income taxes(32.2)(25.7)
Net earnings$ 173.6$ 165.1
Net earnings per share:  
Basic (in dollars per share)$ 0.49$ 0.46
Diluted (in dollars per share)$ 0.49$ 0.45
Average common stock and common equivalent shares outstanding:  
Basic (in shares)353.6359.3
Diluted (in shares)356.5368.4
Sales of products and software  
Total sales$ 1,236.6$ 1,152.7
Total cost of sales(488.1)(465.1)
Sales of services  
Total sales224.1223.8
Total cost of sales$ (124.4)$ (119.4)

FTV Balance Sheet

2023-03-31
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and equivalents$ 672.8$ 709.2
Trade accounts receivable less allowance for doubtful accounts of $41.2 at March 31, 2023 and $43.9 at December 31, 2022940.7958.5
Inventories:  
Finished goods234.8215.3
Work in process103.696.4
Raw materials231.8225.0
Inventories570.2536.7
Prepaid expenses and other current assets271.6272.6
Total current assets2,455.32,477.0
Property, plant and equipment, net of accumulated depreciation of $772.7 at March 31, 2023 and $754.5 at December 31, 2022425.6421.9
Other assets470.0455.8
Goodwill9,057.19,048.5
Other intangible assets, net3,396.83,487.4
Total assets15,804.815,890.6
Current liabilities:  
Current portion of long-term debt999.8999.7
Trade accounts payable593.0623.0
Accrued expenses and other current liabilities1,037.31,104.4
Total current liabilities2,630.12,727.1
Other long-term liabilities1,204.41,223.3
Long-term debt2,094.62,251.6
Commitments and Contingencies (Note 8)
Equity:  
Common stock: $0.01 par value, 2.0 billion shares authorized; 362.2 million issued and 353.5 million outstanding at March 31, 2023; 361.5 million issued and 352.9 million outstanding at December 31, 20223.63.6
Additional paid-in capital3,730.53,706.3
Treasury shares, at cost(442.9)(442.9)
Retained earnings6,891.06,742.1
Accumulated other comprehensive loss(312.3)(325.7)
Total Fortive stockholders’ equity9,869.99,683.4
Noncontrolling interests5.85.2
Total stockholders’ equity9,875.79,688.6
Total liabilities and equity$ 15,804.8$ 15,890.6