Stock on Focus: Fortive Corporation (FTV)

Company Profile:

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.The Professional Instrumentation segment offers essential products, software and services used to create actionable intelligence by measuring and monitoring a range of physical parameters in industrial applications, including electrical current, radio frequency signals, distance, pressure and temperature. The Industrial Technologies segment offers critical technical equipment, components, software and services for manufacturing, repair and transportation markets around the world. Fortive Corporation was incorporated in 2016 and is headquartered in Everett, Washington.

Recent News:

For the second quarter ended June 30, 2017, the company reported net earnings of $240.1 million, diluted net earnings per share of $0.68. GAAP revenues increased 4.7% year-over-year to $1.6 billion, with core revenue growth of 5.4%.

For the first quarter ended March 31, 2017, the company reported net earnings of $199.7 million, diluted net earnings per share of$0.57. GAAP revenues increased 4.1% year-over-year to $1.5 billion, with core revenue growth of 4.9%.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

FTV’s strengths can be seen in its strong profitability, robust solvency and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 56.75 with positive bias. We rate Fortive Corporation (FTV) a STRONG BUY.

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