FortiveFTV
Market Cap: $25.9B
About: Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $6.1 billion in revenue in 2023.
Employees: 18,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
268% more call options, than puts
Call options by funds: $44.4M | Put options by funds: $12M
16% more repeat investments, than reductions
Existing positions increased: 321 | Existing positions reduced: 277
0.22% less ownership
Funds ownership: 94.51% [Q1] → 94.29% (-0.22%) [Q2]
4% less funds holding
Funds holding: 847 [Q1] → 814 (-33) [Q2]
13% less capital invested
Capital invested by funds: $28.5B [Q1] → $24.8B (-$3.67B) [Q2]
29% less funds holding in top 10
Funds holding in top 10: 7 [Q1] → 5 (-2) [Q2]
32% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 103
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Mizuho Brett Linzey 61% 1-year accuracy 11 / 18 met price target | 22%upside $90 | Outperform Upgraded | 6 Sept 2024 |
Morgan Stanley Chris Snyder 57% 1-year accuracy 8 / 14 met price target | 21%upside $89 | Overweight Initiated | 6 Sept 2024 |
Barclays Julian Mitchell 69% 1-year accuracy 49 / 71 met price target | 27%upside $94 | Overweight Maintained | 6 Sept 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 4%upside $77 | Sector Perform Reiterated | 6 Sept 2024 |
Raymond James Brian Gesuale 82% 1-year accuracy 18 / 22 met price target | 15%upside $85 | Outperform Upgraded | 5 Sept 2024 |
Financial journalist opinion
Based on 9 articles about FTV published over the past 30 days