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Stocks in Focus: Fortive Corporation (FTV)

-- Sunday, September 29, 2019, 17:20 --

Company Profile:

Fortive Corporation is a diversified industrial technology growth company comprised of Professional Instrumentation and Industrial Technologies businesses that are recognized leaders in attractive markets. Fortive’s well-known brands hold leading positions in field solutions, product realization, sensing technologies, transportation technologies, and franchise distribution. It employs a team of more than 25,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.

Recent News:

The company will webcast its earnings conference call for the third quarter 2019 on Thursday, October 24, 2019 beginning at 5:30 p.m. ET and lasting approximately 1 hour.

On Sep. 4, 2019, the company announced its intention to separate the company into two independent, publicly traded companies. The transaction is expected to be structured in a tax-efficient manner and be completed in the second half of 2020.

The company reported second-quarter 2019 earnings of 90 cents per share, increased 18.4% from the year-ago quarter and 30.4% on a sequential basis. Revenues also increased 16.4% year over year to $1.86 billion.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

FTV’s strengths can be seen in its strong profitability, better solvency and better efficiency compared with its peers. Its revenue and net income have increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator and the RSI stands at 46.16 with positive bias. We rate Fortive Corporation (FTV) a STRONG BUY.

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