Fortive Corporation ($FTV) Stock Forecast: Down 8.0% Today

What is Fortive Corporation?

Fortive Corporation (FTV) is an industrial technologies company that operates in various sectors, including energy storage, mobility, and renewable energy applications. The overall market has been relatively stable, with investors closely monitoring earnings reports and potential acquisitions.

Why is Fortive Corporation going down?

FTV stock is down 8.0% on Oct 25, 2023 13:30

• The bearish movement in FTV's stock today could be attributed to several factors:
• 1. Earnings Miss: The news articles mention that Fortive's Q3 earnings were in line with estimates but missed revenue expectations. This could have disappointed investors and led to a sell-off of the stock.
• 2. Acquisition Announcement: While not directly related to FTV's bearish movement today, the news of Fortive's acquisition of Germany's EA Elektro-Automatik for $1.45B could have raised concerns among investors. Acquisitions can sometimes be viewed as risky, and uncertainty surrounding the integration process may have contributed to the bearish sentiment.
• 3. Market Sentiment: The overall market sentiment and broader economic factors could also be influencing FTV's stock movement. If there is a general downturn in the market or concerns about the global economy, investors may be more cautious and sell off stocks like FTV.
• 4. Lack of Exciting News: The news articles provided do not highlight any significant positive developments or catalysts for FTV's stock. Without any exciting news to drive investor interest, the stock may have experienced a decline in demand.
• Overall, the bearish movement in FTV's stock today could be a result of earnings disappointment, concerns about an acquisition, broader market sentiment, and a lack of positive news.

FTV Price Chart

FTV News

Fortive Corporation Q3 Profit Increases, Inline With Estimates

WASHINGTON (dpa-AFX) - Fortive Corporation (FTV) reported earnings for its third quarter that increased from last year in line with the Street estimates.The company''s earnings came in at $218.0 mi…

https://www.finanznachrichten.de/nachrichten-2023-10/60462021-fortive-corporation-q3-profit-increases-inline-with-estimates-020.htm

Fortive Non-GAAP EPS of $0.85 in-line, revenue of $1.49B misses by $30M

Fortive reports strong Q3 2023 results with in-line non-GAAP EPS, but misses revenue expectations.

https://seekingalpha.com/news/4023925-fortive-non-gaap-eps-of-0_85-in-line-revenue-of-1_49b-misses-30m?feed_item_type=news

Earnings Scheduled For October 25, 2023

Companies Reporting Before The Bell • Deutsche Bank (NYSE: DB ) is estimated to report quarterly earnings at $0.52 per share on revenue of $7.65 billion. • M/I Homes (NYSE: MHO ) is estimated to report quarterly earnings at $4.27 per share on revenue of $1.07 billion. • Blue Foundry (NASDAQ: BLFY ) is projected to report quarterly loss at $0.11 per share on revenue of $10.77 million. • Lakeland Financial (NASDAQ: LKFN ) is likely to report quarterly earnings at $0.90 per share on revenue of $60.83 million. • Imax (NYSE: IMAX ) is estimated to report quarterly earnings at $0.22 per share on revenue of $99.49 million. • Hess Midstream (NYSE: HESM ) is likely to report quarterly earnings at $0.55 per share on revenue of $342.38 million. • Norfolk Southern (NYSE: NSC ) is likely to report quarterly earnings at $2.69 per share on revenue of $2.95 billion. • New Oriental Education (NYSE: EDU ) is estimated to report quarterly earnings at $0.81 per share on revenue of $1.01 billion. • Schnitzer Steel (NASDAQ: RDUS ) is expected to report quarterly earnings at $0.

https://www.benzinga.com/news/earnings/23/10/35409500/earnings-scheduled-for-october-25-2023

Hey, Warren! 3 Stocks Buffett Should Buy Now.

Everyone in the business media has a suggestion or two of what stocks Warren Buffett should buy or companies Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) ought to acquire. I’ve written several articles about Warren Buffett stocks in the past year. It’s hard not to do when Berkshire had $147 billion in cash available as of June 30. After all, the company has to do something with all that money. I’m paid to generate actionable ideas for readers. I saw an article from October 16 in Bloomberg about Kohler, the kitchen people. The privately held business was exploring the sale of its generator division. Estimates put the business value at $3 billion. To me, that is the ultimate Buffett business — boring and profitable. The only problem for Berkshire is that $3 billion is too small an acquisition. It has to go big or go home. The easier route for Berkshire is to buy a big position in a large company. Building the position will take a while, but at least it’s not competing with private equity and alternative asset managers to buy companies with higher-interest debt. In some ways, Berkshire has become a closed-end investment fund. Here are three stocks for Buffett to add to his quasi-closed-end portfolio.

https://investorplace.com/2023/10/hey-warren-3-stocks-buffett-should-buy-now/

US-based Fortive acquires Germany’s EA Elektro-Automatik in €1.36B deal: Know more

Washington-based Fortive, an industrial technologies company, announced on Monday that it has entered into a definitive agreement to acquire Germany’s EA Elektro-Automatik for $1.45B (approximately €1.36B). EA Elektro-Automatik is a supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications. The US company expects to finance the acquisition with available […]

https://siliconcanals.com/news/startups/fortive-acquires-ea-elektro-automatik/

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Fortive Corporation Price History

18.07.2023 - FTV Stock was down 3.9%

• The bearish movement in FTV stock today could be attributed to the following factors:
• 1. Dividend Announcement: The declaration of a regular quarterly cash dividend of $0.07 per share may have disappointed investors who were expecting a higher payout. This could have led to selling pressure on the stock.
• 2. Short Interest: The decrease in short interest indicates that fewer traders are betting against FTV stock. However, it is worth noting that there are still 4.61 million shares sold short, which could have contributed to the downward pressure on the stock price.
• 3. Overall Market Sentiment: The broader market sentiment, such as economic indicators or geopolitical events, could have influenced the bearish movement in FTV stock. If there was a negative sentiment prevailing in the market, it could have impacted investor confidence in Fortive Corporation and led to a decline in the stock price.