Follow The Insiders And Other Key Signals: Fortive Corporation (FTV)

SVP – Human Resources Walker Stacey A. sold 468 shares in Fortive Corporation (NYSE:FTV) for $13,045 in transaction occurred on 2018/11/16. After making this transaction, the SVP – Human Resources owns a direct stake of 35,222 shares, worth $941,066, as per the last closing price. On 2018/11/15 Pringle William W, Senior Vice President at FTV, dumped 476 shares at an average price of $73.18 per share. The selling total is valued at $2,066,017.

Separately, it had been reported that some other FTV insiders also took part of the insider trading activity. VP – Corporate Development, Schwarz Jonathan L had divested 8,869 shares for $7,270 through a trade on 2018/11/14. Following this activity, the insider holds 662,514 shares worth $524,458 as of recent close. Wall Street’s most bullish Fortive Corporation (NYSE:FTV) analysts are predicting the share price to blow past $90 per share during the next 12 months. The current median share price forecast by them is $84.5, suggesting that the stock could increase 17.13% in that time frame. The average price target of $83.25 calls for a nearly 15.4% increase in the stock price.

Fortive Corporation (FTV) trading activity significantly improved as the volume at ready counter increased to 2,971,801 shares versus 1,945,580 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,014,157 shares. The share price dropped -0.97% in recent trade and currently has a stock-market value of $23.48B. The shares finished at $72.14, after trading as low as $70.45 earlier in the session. It hit an intraday high Thursday at $72.3. The stock is now 4.51% above against its bear-market low of $69.03 on February 08, 2018. It has retreated -22.46% since it’s 52-week high of $88.34 reached in September. Now the market price is down -1.11% on the year and down -0.29% YTD.

FTV’s 50 day simple moving average (SMA 50) price is $77.25 and its 200-day simple moving average (SMA 200) price is $77.93. The company’s stock currently has a total float of 293.07M shares. Its weekly volatility is hovering around 3.14% and felt 2.59% volatility in price over a month. On the upside, the share price will test short term resistance at around $72.81. On a downside, the stock is likely to find some support, which begins at $70.96. The failure to get near-term support could push it to $69.78.

It had seen a new analyst call from Gordon Haskett, which initiated the stock at Buy on October 12. Analysts at Credit Suisse, started covering the stock on October 12 with a Neutral rating. Analysts at Morgan Stanley, made their first call about the stock on October 02, recommending it is Equal-Weight.

When looking at valuations, Fortive Corporation (FTV) has a pricey P/E of 24.09x as compared to industry average of 12.18x. Moreover, it trades for 20.11 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.33x price/book and 3.24x price/sales. Compared to others, Fortive Corporation is in a different league with regards to profitability, having net margins of 15.5%. To put some perspective around this, the industry’s average net margin is 18.11%. FTV’s ROE is 23.2%, which is also considerably worse than the industry’s ROE of 28.14%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 0.86.

Shares of Fortive Corporation (FTV) have dropped -4.6% since the company’s last earnings report. Over the past 10 fiscal quarters, Fortive Corporation (NYSE:FTV) has topped consensus earnings estimates in 9 quarters (90%), missed earnings in 1 quarters (10%), whereas at 0 occasion EPS met analyst expectations. FTV last reported earnings on October 25, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.86 per share, -35.82% change on the same period last year. That was worse than consensus for $0.87. Revenue for the recent quarter stood at $1.84 billion, up 9% on last year and below the $1.86 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.68 billion to $2.06 billion, which should be compared with $1.82 billion generated last year. EPS is seen in a range of $0.84 to $0.96, against the $0.85 reported a year ago.