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Fortive Corporation  (FTV)
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Price: $85.6400 $0.51 0.599%
Day's High: $85.86 Week Perf: -0.44 %
Day's Low: $ 84.81 30 Day Perf: 9.54 %
Volume (M): 1,156 52 Wk High: $ 86.61
Volume (M$): $ 98,974 52 Wk Avg: $71.93
Open: $85.03 52 Wk Low: $62.70



 Market Capitalization (Millions $) 30,513
 Shares Outstanding (Millions) 356
 Employees 18,000
 Revenues (TTM) (Millions $) 6,065
 Net Income (TTM) (Millions $) 866
 Cash Flow (TTM) (Millions $) 1,180
 Capital Exp. (TTM) (Millions $) 108

Fortive Corporation
Fortive Corporation is a diversified industrial technology company that was founded in 2016, following a spin-off from Danaher Corporation. It operates across multiple industries and business segments, primarily in sensors and instrumentation, professional services, and industrial technologies. The company is headquartered in Everett, Washington and operates globally, with over 17,000 employees.

Fortive's portfolio of brands includes well-known names such as Fluke, Gilbarco Veeder-Root, Tektronix, and Qualitrol. Its products and services are used in a broad range of industries, including automotive, aerospace, government, healthcare, and utilities. The company operates through two main business segments: professional instrumentation and industrial technologies.

The professional instrumentation segment provides electronic measurement, instrumentation, and calibration equipment for a range of applications, including environmental monitoring, electrical power, and gas detection. This segment also includes services such as training, calibration, and repair.

The industrial technologies segment provides products and services that improve the safety, efficiency, and precision of industrial operations. This includes a range of products such as sensing technologies for fluid management and gas detection, as well as electric motors and drives, engineered solutions and products, and services such as calibration and repair.

Fortive's strategic focus is on building a portfolio of differentiated industrial technology businesses with leading market positions and strong customer relationships. The company has achieved this through a combination of organic growth and strategic acquisitions. Recent notable acquisition include Advanced Sterilization Products, a provider of infection prevention solutions for the healthcare industry, and Gordian, a provider of construction cost data and software solutions.

Fortive is known for its strong financial performance, with consistent revenue growth and financial discipline. The company has a track record of generating strong cash flows, which it uses for acquisitions, share buybacks, and dividend payments. Fortive has a highly experienced management team with a proven track record of executing on its strategic objectives, and it is well positioned to continue delivering value to its customers and shareholders in the coming years.


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


   

Stock Performances by Major Competitors

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MIR        1.01% 
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Fortive Corporation

Fortive Corporation Surpasses Expectations with Strong Financial Results in Q4 and Full Year 2023

Fortive Corporation Reports Strong Financial Results for Q4 and Full Year 2023
Fortive Corporation, a global provider of industrial technology solutions, announced its financial results for the fourth quarter and full year 2023. The company reported net earnings of $265 million for the fourth quarter, with adjusted net earnings standing at $349 million. Diluted net earnings per share for the quarter were $0.75, while adjusted diluted net earnings per share were $0.98. Revenues for the quarter showed a 4% year-over-year increase, reaching $1.58 billion.
The full-year financial results for 2023 showcased significant growth for Fortive Corporation. Compared to the previous year, the company's income increased by 17.12% to $0.75 per share. Profits also experienced a remarkable rise of 23.33% from the prior quarter, reaching $0.61 per share. The company's revenue increased moderately by 3.501% to $1.58 billion when compared to the corresponding quarter of the previous year. Sequentially, the revenue increased by 6.058% from $1.49 billion.

Stock Transactions

Fortive Corporation Expands Share Repurchase Authorization, Bolstering Investor Confidence

Published Tue, Jan 23 2024 9:30 PM UTC



Fortive Corporation (Fortive), a leading global industrial technology company, recently announced the replenishment of its share repurchase authorization, showcasing its commitment to enhancing shareholder value. The decision by the Board of Directors to approve an additional 11 million shares brings the total amount for future repurchases to 20 million shares. Thi...

Contract

Allied Digestive Health and Provation Collaborate to Revolutionize Patient Care in the Gastroenterology Industry

Published Thu, Jan 18 2024 2:00 PM UTC

In a groundbreaking move, Allied Digestive Health (ADH), a pioneer in cutting-edge gastroenterology services across New Jersey and New York, has recently joined forces with Provation, a leading software and SaaS powerhouse specializing in clinical productivity and workflow automation. This partnership aims to enhance patient care by leveraging Provation's cloud-based procedu...

Merger and Acquisition

Fortive Revolutionizes Precision Technologies Segment with Completion of EA Elektro-Automatik Acquisition

Published Wed, Jan 3 2024 12:02 PM UTC

Fortive Strengthens Precision Technologies Segment with Completion of EA Elektro-Automatik Acquisition
Everett, Wash. - In a significant move to enhance its position in the electronic test and measurement solutions industry, Fortive Corporation (NYSE: FTV) announced today the successful completion of its acquisition of EA Elektro-Automatik (EA) Holding GmbH. This strateg...

Fortive Corporation

Fortive Corporation Rattles the Market with Double-Digit EPS Surge of 15.09% and 2.652% Revenue Upswing in Q3 2023

Fortive Corporation (FTV) has certainly made its mark in the stock market with an impressive performance during the July to September 29, 2023 fiscal span. Despite moderate revenue increases, FTV managed to achieve double-digit profit improvement, signaling a strong and prosperous period for the company.
During this reporting season, FTV saw a significant 15.09% surge in income, resulting in an earnings per share of $0.61. While the revenue growth was relatively slight at 2.652%, reaching $1.49 billion, it still marked a positive trend compared to the same period a year ago.






 

Fortive's Segments
 
 
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Fortive does not provide revenue guidance.

Earnings Outlook
Fortive Corporation does not provide earnings estimates.

 
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