Stock in Focus: Fortive Corp (FTV)

Company Profile:

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its strategic segments – Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions – include well-known brands with leading positions in their markets. Fortive is headquartered in Everett, Washington and employs a team of more than 17,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world.

Recent News:

For the second quarter ended July 2, 2021, the company reported net earnings from continuing operations were $182.0 million. For the same period, adjusted net earnings from continuing operations were $238.8 million. Revenues from continuing operations increased 26.7% year-over-year to $1.3 billion, which reflected core revenue growth of 21.3%.

For the third quarter of 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $0.41 to $0.45 and adjusted diluted net earnings per share from continuing operations to be in the range of $0.62 to $0.66. For the full year 2021, Fortive anticipates diluted net earnings per share from continuing operations to be in the range of $1.70 to $1.80.

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 better growth, better profitability  and better efficiency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 64.38 with positive bias. We rate Fortive Corp (FTV) a STRONG BUY.