The stock of Fortive Corp (NYSE:FTV) last traded at $72.66, down -0.75% from the previous session.
FTV stock price is now 4.77% away from the 50-day moving average and -2.82% away from the 200-day moving average. The market capitalization of the company currently stands at $24.70B.
With the price target maintained at $67, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Fortive Corp (NYSE: FTV). On December 09, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $92 to quote $86, while ‘Argus’ rates the stock as ‘Hold’
In other news, LICO JAMES A, President and CEO sold 175,000 shares of the company’s stock on May 15 ’25. The stock was sold for $12,670,000 at an average price of $72.40. Upon completion of the transaction, the President and CEO now directly owns 428,585 shares in the company, valued at $31.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’25, Officer LICO JAMES A bought 175,000 shares of the business’s stock. A total of $12,669,125 was incurred on buying the stock at an average price of $72.39. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Fortive Corp has had a low of $60.38 and a high of $83.32. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 0.97, and a quick ratio of 0.76. The net profit margin was 12.90% and return on equity was 7.70% for FTV.
