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Fortive Corporation (NYSE: FTV) – Is this large market cap stock undervalued?

Fortive Corporation (NYSE: FTV), is firmly in the large market cap category with market cap of 17873.4. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Fortive Corporation is 51.72 (with a change from open of -0.04%), this in conjunction with a target price of 53.64. Volume today has so far reached 905700, with an average volume of about 2253.42. The GAP for this stock, is 0.25%.

The P/E ratio is 20.83, bringing the forward P/E to a value of 19.82. The current EPS for Fortive Corporation, is 2.48, with a EPS growth for this year coming to a value of -2.20%. Performance has been interesting with performance year to date coming to 6.56%.

Looking further into the growth statistics for Fortive Corporation, EPS is looking like it will grow 7.59% in the next year. Looking even further it is projected to be 6.37%. Quarter over quarter is 5.10% for EPS growth and for sales growth quarter over quarter it is -0.60%. Looking at past EPS growth statistics we see that for the past five years it has been 0.00%. Sales growth for the past five years has in fact been 3.40%.

Looking at the ownership, we see that the insider ownership is at 1.80% and institutional ownership is 1.40%. Shares outstanding is 345.58, while shares float is at a value of 304.39. Float short for Fortive Corporation is 1.23% and the short ratio is 1.66.

In terms of debt, long term debt/equity is 1.42, while the total debt/equity comes to 1.42. The ability to meet these debts, means that the current ratio is 1.6, and the quick ratio is 1.2. The most recent gross margin is 48.30% and their operating margin is 20.00%. The profit margin is 13.90%.

Fortive Corporation has seen returns on assets of 11.60%, and on investment, 16.70%. Return on equity is 18.90%. Price/Earnings to growth ratio is 3.27. Price/Sales ratio is at a value of 2.92, with Price/book ratio coming to 7.54 and Price/cash is 36.69, and finally Price/Free cash Flow is 18.18.

The simple moving averages are 1.39% and 1.73% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -4.69% and the 52 week low is 11.88%.

Fortive Corporation has a dividend yield of 0.54%, with a current price of 51.72. The ability to pay this means the payout ratio is 0.00%. This is in an industry, Scientific & Technical Instruments, with equally high dividends from other companies in this sector, which it is Technology. Fortive Corporation is based in USA.

Performance in the Scientific & Technical Instruments industry means that Fortive Corporation has seen performance for the past week of 1.45%, with performance for the month coming to -1.32%. Looking at the data for the quarter it is at a value of *TBA, and for the half year the performance is *TBA. Volatility for this week is 1.56% and for the month this is 1.95%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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