With 2.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.59 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $77.16 whereas the lowest price it dropped to was $76.21. The 52-week range on FTV shows that it touched its highest point at $87.10 and its lowest point at $66.15 during that stretch. It currently has a 1-year price target of $88.00. With its current market cap of 26.59 billion, FTV has annualized dividend of $0.32 while the current yield stands at 0.42%. Beta for the stock currently stands at 1.15.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FTV was up-trending over the past week, with a rise of 2.15%, but this was down by -3.15% over a month. Three-month performance surged to 0.43% while six-month performance rose 5.52%. The stock gained 7.29% in the past year, while it has gained 2.20% so far this year. A look at the trailing 12-month EPS for FTV yields 2.51 with Next year EPS estimates of 4.15. For the next quarter, that number is 1.12. This implies an EPS growth rate of 12.17% for this year and 7.86% for next year. EPS is expected to grow by 10.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.58%.
Float and Shares Shorts:
At present, 346.90 million FTV shares are outstanding with a float of 345.62 million shares on hand for trading. On 2024-12-13, short shares totaled 3.51 million, which was 101.0 higher than short shares on 1731628800. In addition to Mr. James A. Lico as the firm’s President, CEO & Director, Mr. Charles E. McLaughlin serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 0.95942 of FTV’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-27, FTV reported revenue of $1534600000.0 and operating income of $295500000.0. The EBITDA in the recently reported quarter was $405000000.0 and diluted EPS was $0.63.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FTV since 10 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FTV analysts setting a high price target of 113.0 and a low target of 77.0, the average target price over the next 12 months is 88.11316. Based on these targets, FTV could surge 47.42% to reach the target high and rise by 0.46% to reach the target low. Reaching the average price target will result in a growth of 14.96% from current levels.
Analysts have provided yearly estimates in a range of $3.86711 being high and $3.83705 being low. For FTV, this leads to a yearly average estimate of $3.84707.
