Stock of the Day

July 8, 2020

Fortive (FTV)

$73.40
+$1.64 (+2.3%)
Market Cap: $24.87B

About Fortive

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The Precision Technologies segment offers electrical test and measurement, sensing and material technologies for industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general industries under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brand names. The Advanced Healthcare Solutions segment provides critical workflow solutions comprising instrument sterilization, instrument tracking, design and manufacture of cell therapy equipment, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, PROVATION, RAYSAFE, and STERRAD brands. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

Fortive Bull Case

Here are some ways that investors could benefit from investing in Fortive Co.:

  • The current stock price is around $70, which may present a buying opportunity for investors looking for growth in the technology sector.
  • Fortive Co. has a strong market capitalization of approximately $23.69 billion, indicating a solid position in the market and potential for stability.
  • The company reported earnings per share (EPS) of $0.85, meeting analyst expectations, which reflects its ability to maintain profitability.
  • Fortive Co. has a dividend yield of 0.46%, providing a return to shareholders through regular dividend payments, which can be attractive for income-focused investors.
  • Analysts have a consensus rating of "Moderate Buy" for Fortive Co., suggesting positive sentiment and potential for stock appreciation based on future performance.

Fortive Bear Case

Investors should be bearish about investing in Fortive Co. for these reasons:

  • The company's quarterly revenue decreased by 3.3% compared to the same quarter last year, indicating potential challenges in maintaining growth.
  • Fortive Co. has a relatively high price-to-earnings (PE) ratio of 29.53, which may suggest that the stock is overvalued compared to its earnings.
  • Recent analyst price targets have varied, with some lowering their expectations, which could indicate uncertainty about the company's future performance.
  • The stock has a beta of 1.10, suggesting it is slightly more volatile than the market, which could pose risks for risk-averse investors.
  • Institutional investors own a significant portion of the stock (94.94%), which may limit the influence of individual investors and could lead to volatility based on institutional trading decisions.
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