|Bid||69.67 x 900|
|Ask||69.68 x 1100|
|Day's Range||68.25 - 69.73|
|52 Week Range||62.89 - 89.48|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||9.10|
|Forward Dividend & Yield||0.28 (0.41%)|
|1y Target Est||N/A|
Moody's Investors Service said Fortive Corporation's plan to separate into two independent companies is credit negative but the ratings (Baa1/P-2 stable) are unaffected at this time. Fortive Corporation, based in Everett, Washington, is a diversified company that provides testing devices and sensors to measure and monitor a wide-range of industrial applications, fuel dispensing, point-of-sale and payment systems, vehicle fleet tracking and management solutions and franchised professional tools. This publication does not announce a credit rating action.
The parent company of Oregon tech stalwart Tektronix is splitting into two companies. Fortive Corp. will become two separate companies focused on different industrial segments. Fortive itself is the product of a similar move in 2016, when conglomerate Danaher Corp. divided into two companies.
Shares of Fortive Corp. jumped 3.2% in premarket trading Wednesday, after the industrial technology company announced a plan to separate into two independent, publicly traded companies. One of the new companies will be an industrial technology company, and retain the Fortive name, that generates "significant" recurring revenue, has "highly attractive" margins and "strong" free cash flow. The other, NewCo for now, will be an industrial company focused on the transportation and mobility markets. The separation is expected to be completed in the second half of 2020. Current Chief Executive James Lico and Chief Financial Officer Charles McLaughlin will continue in their roles with Fortive after the separation. "As separate companies, each business will benefit from increased strategic focus and enhanced flexibility to invest in distinct organic and inorganic growth opportunities," Lico said. "We are confident this will create additional opportunities and enhanced value for our employees, customers and other stakeholders." The stock has lost 17.3% over the past 12 months, while the SPDR Industrial Select Sector ETF has slipped 3.0% and the S&P 500 has gained 0.3%.
Fortive (FTV) reports mixed Q2 results, with earnings beating the Zacks Consensus Estimate but revenues lagging the same. The earnings growth is driven by solid execution & contributions from buyouts.
Altra Industrial's (AIMC) second-quarter 2019 earnings suffer from higher costs of sales, and operating and interest expenses. It lowers projection for 2019 due to end-market and macro woes.
Fortive's (FTV) second-quarter results are likely to benefit from strong product portfolio and healthy contribution from acquisitions. However, end-market cyclicality might impact its earnings.
Fortive (FTV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fortive Corp NYSE:FTVView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for FTV with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FTV are favorable, with net inflows of $7.79 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Industrial stocks could outperform this year as expectations of high earnings growth help them rebound from last year's rout.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and optimism towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the first quarter and hedging or reducing many of their […]
Howard Marks (Trades, Portfolio)' Oaktree Capital Management released its first-quarter portfolio earlier this month, listing eight new holdings. Warning! GuruFocus has detected 2 Warning Sign with AAPL. Based on these criteria, the firm's top five buys for the quarter were Berry Petroleum Corp. (BRY), Danaher Corp. (DHRAA.PFD), Fortive Corp. (NYSE:FTVPA.PFD), American Electric Power Co. Inc. (NYSE:AEP-PB) and Stanley Black & Decker Inc. (SWP).
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Fortive...