Some Facts on Fortive Shares

During the afternoon session, Fortive moved -2.7%, compared to 0.7% for the S&P 500.

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Based in Everett, United States the company has 18,000 full time employees and a market cap of $23,415,013,548. Fortive currently offers its equity investors a dividend that yields 0.4% per year.

The company is now trading -9.37% away from its average analyst target price of $73.02 per share. The 17 analysts following the stock have set target prices ranging from $63 to $87, and on average give Fortive a rating of buy.

Over the last year, FTV shares have gone down by -5.0%, which represents a difference of 7.4% when compared to the S&P 500. The stock's 52 week high is $71.78 per share and its 52 week low is $52.47. Fortive's dwindling revenues call into question the strength of its business.

Date Reported Revenue ($ MM) Cost of Revenue ($ MM) Gross Margins (%) YoY Growth (%)
2021-12-31 5,255 2,248 57.23 1.67
2020-12-31 4,634 2,026 56.29 11.95
2019-12-31 7,320 3,640 50.28 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.