Institutional Holdings and Trade Data for Fortive Corporation (FTV)

In the past 52-week period, shares of Fortive Corporation (NYSE:FTV) have moved within the range of $49.73 to $74.38. On the stock’s most recent trading day, the company’s shares ended the regular session at $72.46, which is 2.58% lower than its 52-week high.

Fortive Corporation (FTV) has demonstrated a 20-day simple moving average (SMA) of 0.42%, and a 50-day SMA of 4.60%. This public company’s current market capitalization stands at $24.94 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for Fortive Corporation (FTV) is Outperform.

Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Fortive Corporation (FTV) delivered a 1.66% surprise with its net revenue. Sales reached $1.69 billion during the three-month period, compared to the average analyst estimate of $1.66 billion.

Meanwhile, during the same quarter Fortive Corporation (FTV) delivered a 5.47% earnings surprise. Net earnings for the quarter were posted at $0.77 per share, whereas Wall Street had forecast $0.73 per share.

Ownership at Fortive Corporation (FTV), According to Most Recent SEC Filings

A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. Fortive Corporation (FTV) has 0.35 billion shares outstanding currently, 79.95% of which belong to institutional investors. Those institutional holdings amount to $20.59 billion.

Additionally, according to the most recent 13F filing from Fortive Corporation (FTV), there were 52 new positions totaling 3,310,716 shares of the company’s stock. There were 62 sold out positions, on the other hand, totaling 2,991,402 shares.

Short, Medium and Long Term Indicators

Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. Fortive Corporation (FTV) has had a 20-day average volume of 1,197,735 shares, with an average of 20% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 1,250,334 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,300,171 shares with 67% of long-term indicators pointing to Buy.