Fortive Corp (NYSE:FTV) shares traded 0.44% higher at $79.84 on Wall Street last session.
FTV stock price is now 2.53% away from the 50-day moving average and 6.12% away from the 200-day moving average. The market capitalization of the company currently stands at $27.70B.
With the price target reduced from $92 to $86, Citigroup Downgraded its rating from Buy to Neutral for Fortive Corp (NYSE: FTV). , while ‘UBS’ rates the stock as ‘Neutral’
In other news, LICO JAMES A, Officer bought 80,000 shares of the company’s stock on Nov 15 ’24. The stock was bought for $5,986,880 at an average price of $74.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, SVP – General Counsel Underwood Peter C sold 5,000 shares of the business’s stock. A total of $382,900 was realized by selling the stock at an average price of $76.58. This leaves the insider owning 48,346 shares of the company worth $3.86 million. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Fortive Corp has had a low of $66.15 and a high of $87.10. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.23, and a quick ratio of 0.96. According to the stock market information, the enterprise value for the company is $30815197184, which is based on a 31.81 price-to-earnings ratio, a 3.41 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for FTV is $77.8098 and a two-hundred day moving average price translates $75.23435 for the stock.
The latest earnings results from Fortive Corp (NYSE: FTV) was released for 2024-09-27. The net profit margin was 14.35% and return on equity was 8.62% for FTV. The company reported revenue of $1.53 billion for the quarter, compared to $1.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.68 percent.
