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Fortive Corporation  (NYSE: FTV)
Other Ticker:  
 
    Sector  Technology    Industry IT Infrastructure
   Industry IT Infrastructure
   Sector  Technology
 
Price: $79.4200 $-0.07 -0.088%
Day's High: $79.88 Week Perf: -2.35 %
Day's Low: $ 79.02 30 Day Perf: 3.79 %
Volume (M): 2,457 52 Wk High: $ 87.10
Volume (M$): $ 195,137 52 Wk Avg: $76.98
Open: $79.65 52 Wk Low: $66.15



 Market Capitalization (Millions $) 27,980
 Shares Outstanding (Millions) 352
 Employees 18,400
 Revenues (TTM) (Millions $) 6,195
 Net Income (TTM) (Millions $) 889
 Cash Flow (TTM) (Millions $) 97
 Capital Exp. (TTM) (Millions $) 118

Fortive Corporation
Fortive Corporation is a diversified industrial technology company that was founded in 2016, following a spin-off from Danaher Corporation. Headquartered in Everett, Washington, Fortive operates globally, employing over 17,000 individuals across various locations and industries.

Business Segments and Portfolio

Fortive engages in a range of sectors through its two primary business segments: Professional Instrumentation and Industrial Technologies.

1. Professional Instrumentation:
- This segment focuses on electronic measurement, instrumentation, and calibration equipment catering to multiple applications. It targets environmental monitoring, electrical power management, and gas detection.
- The segment also provides related services, including training, calibration, and repair to ensure the optimal operation of its instruments. Key brands under this segment include Fluke and Tektronix, recognized for their high-quality testing and measurement solutions.

2. Industrial Technologies:
- Fortives Industrial Technologies segment offers products and services that enhance the safety, efficiency, and precision of industrial operations. It includes sensing technologies for fluid management, gas detection, electric motors and drives, engineered products, and additional services for calibration and repair.
- Prominent brands such as Gilbarco Veeder-Root and Qualitrol are part of this segment, providing innovative solutions for industries such as automotive, aerospace, healthcare, and utilities.

Strategic Focus and Growth

Fortives strategic emphasis is on building a differentiated portfolio of industrial technology businesses characterized by strong market positions and robust customer relationships. The company aims to achieve growth through both organic efforts and strategic acquisitions.

Recent acquisitions have included:
- Advanced Sterilization Products: This acquisition broadened Fortives presence in healthcare by enhancing its infection prevention solutions.
- Gordian: This company specializes in construction cost data and software solutions, providing Fortive with capabilities to support the construction and engineering sectors.

Financial Performance

Fortive has demonstrated strong financial performance marked by consistent revenue growth and disciplined financial management. The company boasts a solid cash flow generation capacity, allowing it to invest in acquisitions, initiate share buybacks, and provide dividends to shareholders.

Management and Future Positioning

The management team at Fortive thoroughly understands the industrial technology landscape and possesses a proven track record in executing its strategic objectives. Given its established foundation, diversified portfolio, and commitment to innovation, Fortive is positioned to continue delivering value to its customers and shareholders in the years ahead.


   Company Address: 6920 Seaway Blvd Everett, 98203 WA
   Company Phone Number: 446-5000   Stock Exchange / Ticker: NYSE FTV


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MIR        1.39% 
• View Complete Report
   



Business Update

Fortive Fights Back A Call to Reject Discounted Tender Offer Amid Mixed Financial Signals,

Published Sun, Dec 29 2024 5:06 PM UTC

Fortive Urges Stakeholders to Reject TRC Capital s Mini-Tender Offer Amid Revenue Fluctuations In a strategic move aimed at protecting shareholder interests, Fortive Corporation (NYSE: FTV), based in Everett, Washington, has publicly advised its shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation. TRC is seeking to purchase up to 1...

Announcement

Bridging the Data Divide Empowering Solar Energy Innovation and Growth Through Enhanced Technology Integration

Published Fri, Dec 13 2024 9:00 AM UTC

The solar energy sector is at a pivotal juncture, poised for significant growth and innovation. Recent findings from a Fluke survey underscore the sentiment among Original Equipment Manufacturers (OEMs), technicians, and installers who are largely optimistic about the future of solar energy. However, the survey also reveals notable challenges specifically, a pervasive gap in...

Announcement

?Empowering the Solar Revolution Overcoming Data Gaps and Harnessing AI to Drive Growth?,

Published Thu, Dec 12 2024 5:30 PM UTC

Harnessing Data and AI: Overcoming Barriers in the Solar Energy SectorThe solar energy industry is on the brink of a transformative era, propelled by burgeoning innovations. However, a recent survey conducted by Fluke Corporation highlights critical challenges that need addressing to fully exploit the industry?s potential. The survey reveals that while optimism abounds amon...

Announcement

Fluke Networks Unveils the LinkIQ Duo Simplifying Connectivity with Comprehensive Wi-Fi 6E Troubleshooting...

Published Mon, Dec 9 2024 6:58 PM UTC

In today s rapidly evolving digital landscape, maintaining seamless connectivity is more crucial than ever. As businesses and individuals increasingly rely on robust network infrastructures, the introduction of advanced troubleshooting tools becomes paramount. Enter Fluke Networks, a leader in innovative network analysis solutions, which has recently announced a game-changin...

Announcement

AI Boosts Manufacturing Fortive Leverages Innovation Amid Challenging Competitive Landscape,

Published Thu, Dec 5 2024 10:00 AM UTC

Harnessing AI to Address High-Skilled Labor Shortages: A Look Into Manufacturing and Fortive s Strategic Growth Amid Competitive Challenges The innovative march of artificial intelligence (AI) across industries is unmistakable, with the manufacturing sector standing on the brink of a transformative evolution. A recent survey by Fluke Corporation reveals a compelling fact: 79...







Fortive's Segments
Healthcare    23.67 % of total Revenue
Industrial Manufacturing    20.95 % of total Revenue
Government    10.65 % of total Revenue
Utilities Power    7.06 % of total Revenue
Communications Electronics Semiconductor    5.4 % of total Revenue
Aerospace Defense    5.01 % of total Revenue
Retail Consumer    5.7 % of total Revenue
Oil Gas    4.62 % of total Revenue
Other    11.08 % of total Revenue
Total direct sales    94.15 % of total Revenue
Distributors    5.87 % of total Revenue
United States    54.87 % of total Revenue
China    10.02 % of total Revenue
All other each country individually less than 5 of total sales    35.12 % of total Revenue
Intelligent Solutions    43.09 % of total Revenue
Intelligent Solutions Healthcare    0.67 % of total Revenue
Intelligent Solutions Industrial Manufacturing    14.81 % of total Revenue
Intelligent Solutions Government    5.26 % of total Revenue
Intelligent Solutions Utilities Power    3.17 % of total Revenue
Intelligent Solutions Communications Electronics Semiconductor    1.82 % of total Revenue
Intelligent Solutions Aerospace Defense    0.01 % of total Revenue
Intelligent Solutions Retail Consumer    4.54 % of total Revenue
Intelligent Solutions Oil Gas    4.44 % of total Revenue
Intelligent Solutions Other    5.97 % of total Revenue
Intelligent Solutions Total direct sales    40.68 % of total Revenue
Intelligent Solutions Distributors    2.41 % of total Revenue
Intelligent Solutions United States    24.44 % of total Revenue
Intelligent Solutions China    3.3 % of total Revenue
Intelligent Solutions All other each country individually less than 5 of total sales    15.35 % of total Revenue
Precision Technologies    35.91 % of total Revenue
Precision Technologies Healthcare    3.13 % of total Revenue
Precision Technologies Industrial Manufacturing    5.86 % of total Revenue
Precision Technologies Government    4.73 % of total Revenue
Precision Technologies Utilities Power    3.89 % of total Revenue
Precision Technologies Communications Electronics Semiconductor    3.58 % of total Revenue
Precision Technologies Aerospace Defense    5.01 % of total Revenue
Precision Technologies Retail Consumer    1.16 % of total Revenue
Precision Technologies Oil Gas    0.18 % of total Revenue
Precision Technologies Other    5.11 % of total Revenue
Precision Technologies Total direct sales    32.65 % of total Revenue
Precision Technologies Distributors    3.25 % of total Revenue
Precision Technologies United States    18.43 % of total Revenue
Precision Technologies China    4.96 % of total Revenue
Precision Technologies All other each country individually less than 5 of total sales    12.51 % of total Revenue
Advanced Healthcare Solutions    21.02 % of total Revenue
Advanced Healthcare Solutions Healthcare    19.87 % of total Revenue
Advanced Healthcare Solutions Industrial Manufacturing    0.28 % of total Revenue
Advanced Healthcare Solutions Government    0.66 % of total Revenue
Advanced Healthcare Solutions Total direct sales    20.81 % of total Revenue
Advanced Healthcare Solutions Distributors    0.21 % of total Revenue
Advanced Healthcare Solutions United States    12 % of total Revenue
Advanced Healthcare Solutions China    1.76 % of total Revenue
Advanced Healthcare Solutions All other each country individually less than 5 of total sales    7.26 % of total Revenue
Sales of products and software    84.3 % of total Revenue
Sales of products and software Intelligent Solutions    35.81 % of total Revenue
Sales of products and software Precision Technologies    31.98 % of total Revenue
Sales of products and software Advanced Healthcare Solutions    16.52 % of total Revenue
Sales of services    15.72 % of total Revenue
Sales of services Intelligent Solutions    7.29 % of total Revenue
Sales of services Precision Technologies    3.93 % of total Revenue
Sales of services Advanced Healthcare Solutions    4.5 % of total Revenue

  Fortive Outlook

On October 30 2024 the Fortive provided following guidance

nnFortive Corporation Raises 2024 Financial Expectations Following Robust Q3 Resultsnn

nnEVERETT, Wash.nn ? Fortive Corporation (NYSE: FTV) has released its financial performance details for the third quarter of 2024, showcasing impressive growth. The company reported net earnings of $222 million, while its adjusted net earnings reached $342 million for the quarter. This translates to diluted net earnings per share of $0.63, with adjusted diluted net earnings per share at $0.97.

Fortive experienced a year-over-year revenue increase of 3%, amounting to $1.54 billion for the quarter. This growth includes a core revenue increase of 1%.

In light of these strong results, Fortive has a...





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