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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 17191.08. 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 48.63 (with a change from open of 0.00%), this in conjunction with a target price of 52.77. Volume today has so far reached 437648, with an average volume of about 1783.44. The GAP for this stock, is -0.73%.

The P/E ratio is 19.73, bringing the forward P/E to a value of 18.69. 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 0.94%.

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 *TBA. 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 26.80%. Shares outstanding is 350.91, while shares float is at a value of 304.39. Float short for Fortive Corporation is 1.28% and the short ratio is 2.18.

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 3.1. Price/Sales ratio is at a value of 2.8, with Price/book ratio coming to 7.14 and Price/cash is 35.29, and finally Price/Free cash Flow is 17.49.

The simple moving averages are -5.23% and -4.25% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -10.39% and the 52 week low is 5.20%.

Fortive Corporation has a dividend yield of 0.57%, with a current price of 48.63. 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 -3.83%, with performance for the month coming to -2.10%. Looking at the data for the quarter it is at a value of -4.87%, and for the half year the performance is *TBA. Volatility for this week is 1.50% and for the month this is 1.70%.

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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Stephen Butters

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