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Fortive (FTV)

(Delayed Data from NYSE)

$80.70 USD

80.70
1,691,896

+0.34 (0.42%)

Updated Apr 23, 2024 03:59 PM ET

After-Market: $80.80 +0.10 (0.12%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value C Growth D Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 4% (9 out of 252)

Industry: Electronics - Testing Equipment

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Balance Sheet

Research for FTV

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Fortive Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,889 709 819 2,944 1,205
Receivables 961 959 930 810 1,385
Notes Receivable 0 0 0 0 0
Inventories 537 537 513 456 640
Other Current Assets 285 273 253 237 459
Total Current Assets 3,672 2,477 2,515 4,447 3,689
Net Property & Equipment 440 422 396 422 520
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 12,282 12,536 13,042 10,650 12,244
Deposits & Other Assets 519 456 337 344 780
Total Assets 16,912 15,891 16,466 16,052 17,439
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 609 623 558 481 766
Current Portion Long-Term Debt 0 1,000 2,152 1,400 1,500
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,183 1,104 961 900 1,147
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 33 0
Total Current Liabilities 1,791 2,727 3,715 2,861 3,467
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,646 2,252 1,807 2,830 4,828
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,149 1,223 1,286 1,233 1,584
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 6,587 6,202 6,949 7,079 10,039
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 4 4 4 3 3
Capital Surplus 3,851 3,706 3,670 3,555 3,311
Retained Earnings 7,506 6,742 6,024 5,547 4,129
Other Equity -320 -321 -180 -133 -43
Treasury Stock 716 443 0 0 0
Total Shareholder's Equity 10,325 9,689 9,517 8,973 7,400
Total Liabilities & Shareholder's Equity 16,912 15,891 16,466 16,052 17,439
Total Common Equity 10,325 9,689 9,517 8,973 7,400
Shares Outstanding 351.40 353.80 358.50 337.20 335.80
Book Value Per Share 29.38 27.38 26.55 26.61 22.04

Fiscal Year End for Fortive Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,889 714 713 673
Receivables NA 961 925 935 941
Notes Receivable NA 0 0 0 0
Inventories NA 537 553 561 570
Other Current Assets NA 285 277 265 272
Total Current Assets NA 3,672 2,469 2,475 2,455
Net Property & Equipment NA 440 431 426 426
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 12,282 12,285 12,356 12,454
Deposits & Other Assets NA 519 479 474 470
Total Assets NA 16,912 15,664 15,731 15,805
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 609 575 586 593
Current Portion Long-Term Debt NA 0 750 1,000 1,000
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 1,183 1,095 1,000 1,037
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 1,791 2,420 2,585 2,630
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,646 1,982 1,978 2,095
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,179 1,196 1,204
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 6,587 5,581 5,759 5,929
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 4 4 4 4
Capital Surplus NA 3,851 3,822 3,779 3,731
Retained Earnings NA 7,506 7,269 7,075 6,891
Other Equity NA -320 -360 -314 -307
Treasury Stock NA 716 651 572 443
Total Shareholder's Equity NA 10,325 10,084 9,972 9,876
Total Liabilities & Shareholder's Equity NA 16,912 15,664 15,731 15,805
Total Common Equity 0 10,325 10,084 9,972 9,876
Shares Outstanding 351.30 351.40 351.40 352.00 353.50
Book Value Per Share 0.00 29.38 28.70 28.33 27.94