Let’s look at the key reasons that are pushing Fortive Corp (FTV) to new highs

Fortive Corp (NYSE: FTV) on Tuesday, plunged -0.33% from the previous trading day, before settling in for the closing price of $66.01. Within the past 52 weeks, FTV’s price has moved between $60.38 and $83.66.

During the last 5-year period, the sales growth of Technology Sector giant was 6.53%. The company achieved an average annual earnings per share of 3.10%. With a float of $338.66 million, this company’s outstanding shares have now reached $341.20 million.

Let’s determine the extent of company efficiency that accounts for 18000 employees. In terms of profitability, gross margin is 59.87%, operating margin of 18.35%, and the pretax margin is 15.56%.

Fortive Corp (FTV) Breakdown of a Key Holders of the stock

Observing investor behavior towards Scientific & Technical Instruments industry stocks is more important than anything else. The insider ownership of Fortive Corp is 0.48%, while institutional ownership is 98.38%. The most recent insider transaction that took place on Feb 28 ’25, was worth 237,308. In this transaction SVP – Human Resources of this company sold 3,002 shares at a rate of $79.05, taking the stock ownership to the 42,373 shares. Before that another transaction happened on Feb 28 ’25, when Company’s SVP – Chief Financial Officer sold 32,085 for $78.86, making the entire transaction worth $2,530,223. This insider now owns 76,126 shares in total.

Fortive Corp (FTV) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.98 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 3.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.12% during the next five years compared to 3.68% growth over the previous five years of trading.

Fortive Corp (NYSE: FTV) Trading Performance Indicators

Fortive Corp (FTV) is currently performing well based on its current performance indicators. A quick ratio of 0.89 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.59. Likewise, its price to free cash flow for the trailing twelve months is 15.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.36, a number that is poised to hit 0.85 in the next quarter and is forecasted to reach 4.36 in one year’s time.

Technical Analysis of Fortive Corp (FTV)

Looking closely at Fortive Corp (NYSE: FTV), its last 5-days average volume was 4.35 million, which is a jump from its year-to-date volume of 2.76 million. As of the previous 9 days, the stock’s Stochastic %D was 39.98%. Additionally, its Average True Range was 2.85.

During the past 100 days, Fortive Corp’s (FTV) raw stochastic average was set at 23.57%, which indicates a significant decrease from 35.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.19% in the past 14 days, which was higher than the 30.08% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $75.20, while its 200-day Moving Average is $75.15. However, in the short run, Fortive Corp’s stock first resistance to watch stands at $66.47. Second resistance stands at $67.15. The third major resistance level sits at $67.67. If the price goes on to break the first support level at $65.27, it is likely to go to the next support level at $64.75. Now, if the price goes above the second support level, the third support stands at $64.07.

Fortive Corp (NYSE: FTV) Key Stats

Market capitalization of the company is 22.39 billion based on 340,290K outstanding shares. Right now, sales total 6,232 M and income totals 832,900 K. The company made 1,620 M in profit during its latest quarter, and 208,800 K in sales during its previous quarter.