Investors Should Consider Fortive At Current Levels for Potential Profits
December 22, 2023
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Investors looking for a potential profit should strongly considering adding Fortive Corporation ($NYSE:FTV) (FTV) to their portfolios. Fortive is a diversified industrial technology company with two operating segments – Professional Instrumentation and Industrial Technologies. The company offers products, software, services, and solutions across various industries, including automotive, aerospace, medical, and consumer products. The company also has a healthy balance sheet with cash and equivalents of over $2 billion. Fortive also has a competitive advantage over its peers due to its wide portfolio of products and services. The company offers an array of products such as process instruments, measurement systems, and automation components, as well as software solutions for asset optimization and predictive analytics. This wide breadth of products and services enables it to better serve its customers while also increasing its competitive edge. It has a strong balance sheet and a diversified product portfolio that will help it continue to grow its revenues and profits.
In addition, the company also pays a steady dividend that will provide investors with additional income.
Share Price
On Wednesday, FORTIVE CORPORATION stock opened at $72.6 and closed at $71.6, a decrease of 1.6% from the previous day’s closing price of $72.8. This decrease in price presents an opportunity for investors to acquire shares at a discounted level and potentially benefit from any appreciation in value. Investors should consider the factors that may affect the company’s performance, such as its competitive landscape, and industry trends to determine if the current stock price presents an attractive investment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fortive Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 6.01k | 827.8 | 13.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fortive Corporation. More…
| Operations | Investing | Financing |
| 1.37k | -158.4 | -1.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fortive Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.66k | 5.58k | 28.68 |
Key Ratios Snapshot
Some of the financial key ratios for Fortive Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.8% | 3.6% | 18.3% |
| FCF Margin | ROE | ROA |
| 21.0% | 6.8% | 4.4% |
Analysis
GoodWhale conducted an analysis of FORTIVE CORPORATION’s wellbeing and we are pleased to share the results. Our Star Chart analysis showed that FORTIVE CORPORATION is strong in assets, dividend, and profitability, however, its growth areas are weaker. As a result, FORTIVE CORPORATION was classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given FORTIVE CORPORATION’s moderate growth potential, investors who are looking for modest returns rather than high-risk, high-reward opportunities may be interested in the company. Additionally, FORTIVE CORPORATION scored an 8/10 in our health score analysis, indicating their capability to pay off debt and fund future operations. This healthy financial standing may make them a good option for investors who are looking to minimize their risk. More…
Peers
Fortive Corp is a leading company in the competitive electronics manufacturing market. Its main competitors are Benchmark Electronics Inc, Flex Ltd, and Wrap Technologies Inc. Fortive has a strong market position and brand recognition. The company is known for its innovative products and efficient manufacturing processes.
– Benchmark Electronics Inc ($NYSE:BHE)
If you’re looking for a company with a strong market cap and ROE, Benchmark Electronics is a great option. The company has a market cap of $930.67M and an ROE of 4.43%. Additionally, Benchmark Electronics is a leading provider of electronics manufacturing services. The company offers a full range of services, from design and engineering to manufacturing and assembly.
– Flex Ltd ($NASDAQ:FLEX)
Flex Ltd is a leading electronics manufacturing company with a market cap of 8.02B as of 2022. The company has a strong return on equity of 18.46% and is well known for its innovative products and solutions. Flex Ltd operates in a number of different markets including automotive, industrial, healthcare, and consumer electronics. The company is headquartered in Singapore and has a workforce of over 34,000 employees.
– Wrap Technologies Inc ($NASDAQ:WRAP)
Wrap Technologies Inc is a provider of innovative solutions for use in the law enforcement, military, security and private sector. The company’s flagship product is the BolaWrap, which is a handheld remote restraint device that uses an electromagnetic pulse to launch a Kevlar cord at a target, wrapping around the individual’s torso or limbs to immobilize them from a distance. The BolaWrap has been used by law enforcement agencies across the United States and in other countries, and has been featured on several television shows and news programs.
Summary
FORTIVE Corporation is an investment opportunity with strong fundamentals. The stock is trading at a discount to its peers, offering investors a great chance to get in at a low valuation. Overall, FORTIVE Corporation is a good buy at current levels and is likely to remain a profitable investment in the long run.
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