Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healthcare solutions. Fortive is headquartered in Everett, Washington and employs a team of more than 17,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System.
Company profile
Ticker
FTV
Exchange
Website
CEO
James Lico
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Danaher • Roper • Ametek • Sensata Technologies Holding • Keysight • MKS Instruments • Cognex • Hurco Companies • Sypris Solutions • Mesa Laboratories ...
Former names
TGA Holding Corp.
SEC CIK
Corporate docs
Subsidiaries
Accruent, LLC • Advanced Sterilization Products Services Inc. • Advanced Sterilization Products, Inc. • Anderson Instrument Co., Inc. • Anhui Shifu Instruments Co., Ltd. • ASP Global Manufacturing GmbH • ASP Japan G.K. • Athena SuperHoldCo, Inc. • Beaverton LLC • BlueCielo ECM Solutions IP B.V. ...
FTV stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
2 Mar 23
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
28 Feb 23
10-K
2022 FY
Annual report
28 Feb 23
8-K
Fortive Reports Strong Fourth Quarter and Full Year 2022 Results
1 Feb 23
8-K
Departure of Directors or Certain Officers
5 Dec 22
8-K
Amendments to Articles of Incorporation or Bylaws
8 Nov 22
10-Q
2022 Q3
Quarterly report
26 Oct 22
8-K
Fortive Reports Strong Third Quarter 2022 Results
26 Oct 22
8-K
Entry into a Material Definitive Agreement
20 Oct 22
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
28 Jul 22
Transcripts
FTV
Earnings call transcript
2022 Q4
1 Feb 23
FTV
Earnings call transcript
2022 Q3
26 Oct 22
FTV
Earnings call transcript
2022 Q2
28 Jul 22
FTV
Earnings call transcript
2022 Q1
28 Apr 22
FTV
Earnings call transcript
2021 Q4
3 Feb 22
FTV
Earnings call transcript
2021 Q3
29 Oct 21
FTV
Earnings call transcript
2021 Q2
30 Jul 21
FTV
Earnings call transcript
2021 Q1
1 May 21
FTV
Earnings call transcript
2020 Q4
5 Feb 21
FTV
Earnings call transcript
2020 Q3
28 Oct 20
Latest ownership filings
4
Edward Read Simmons
16 Mar 23
4
Patrick K Murphy
16 Mar 23
4
Charles E McLaughlin
16 Mar 23
4
Jonathan L Schwarz
16 Mar 23
4
Stacey A. Walker
16 Mar 23
4
Tamara S. Newcombe
16 Mar 23
4
Olumide Soroye
16 Mar 23
4
Christopher M. Mulhall
16 Mar 23
4
JAMES A LICO
16 Mar 23
4
Peter C Underwood
16 Mar 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jul 22 | Apr 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 709.20 mm | 709.20 mm | 709.20 mm | 709.20 mm | 709.20 mm | 709.20 mm |
| Cash burn (monthly) | (no burn) | 9.18 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 27.31 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 681.89 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 74.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
94.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 736 |
| Opened positions | 112 |
| Closed positions | 64 |
| Increased positions | 220 |
| Reduced positions | 268 |
| 13F shares | Current |
|---|---|
| Total value | 21.46 tn |
| Total shares | 333.82 mm |
| Total puts | 87.10 k |
| Total calls | 203.00 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 39.40 mm | $2.53 tn |
| T. Rowe Price Investment Management | 33.77 mm | $2.17 tn |
| BLK Blackrock | 30.54 mm | $1.96 tn |
| Wellington Management | 18.12 mm | $1.16 tn |
| RY Royal Bank Of Canada | 17.22 mm | $1.11 tn |
| FMR | 17.07 mm | $1.10 tn |
| STT State Street | 13.40 mm | $861.11 bn |
| Flossbach Von Storch | 10.20 mm | $655.65 bn |
| Geode Capital Management | 7.16 mm | $460.87 bn |
| Massachusetts Financial Services | 6.70 mm | $430.28 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 23 | Mulhall Christopher M. | Executive Deferred Incentive Program - Fortive Stock Fund Common Stock | Grant | Acquire A | No | No | 64.38 | 712.95 | 45.90 k | 2,607.71 |
| 15 Mar 23 | Lico James A | Executive Deferred Incentive Program - Fortive Stock Fund Common Stock | Grant | Acquire A | No | No | 64.38 | 5,630.63 | 362.50 k | 141,995.7 |
| 15 Mar 23 | Underwood Peter C | Executive Deferred Incentive Program - Fortive Stock Fund Common Stock | Grant | Acquire A | No | No | 64.38 | 1,034.48 | 66.60 k | 7,407.29 |
| 15 Mar 23 | McLaughlin Charles E | Executive Deferred Incentive Program - Fortive Stock Fund Common Stock | Grant | Acquire A | No | No | 64.38 | 2,533.78 | 163.12 k | 25,827.93 |
| 15 Mar 23 | Schwarz Jonathan L | Executive Deferred Incentive Program - Fortive Stock Fund Common Stock | Grant | Acquire A | No | No | 64.38 | 922.65 | 59.40 k | 6,506.6 |
News
Insiders Selling TransMedics Group And 2 Other Stocks
28 Feb 23
Analyst Expectations for Fortive's Future
2 Feb 23
Wells Fargo Maintains Equal-Weight on Fortive, Raises Price Target to $70
2 Feb 23
JP Morgan Maintains Overweight on Fortive, Raises Price Target to $77
2 Feb 23
Citigroup Maintains Buy on Fortive, Raises Price Target to $78
2 Feb 23
Press releases
Fortive Schedules First Quarter 2023 Earnings Conference Call
29 Mar 23
Zoovu Appoints New C-Suite Executives to Lead Next Phase of Company's Growth
23 Mar 23
Fortive to Present at the Bank of America Global Industrials Conference
10 Mar 23
Fortive to Present at the J.P. Morgan Industrials Conference
10 Mar 23
Fortive to Present at the Citi 2023 Global Industrial Tech and Mobility Conference
9 Feb 23