(NYSE:FTV) Fortive Corp Sets 52 Week High Record

Fortive Corp (NYSE:FTV)

June 14th, 2018

Fortive Corp went up $2.08 Thursday, a 2.66% jump, closing at $80.13. In addition it hit a new 52 week high of $80.45.

FTV outperformed the rest of the Industrials sector which went down 0.40% today.

Fortive Corp is listed on the S&P 500 index, and was one of 294 stocks that rose today. Weighted by market cap, FTV represents about 0.11% of the S&P 500.

Forecasts from 12 analysts points to the possibility that Fortive Corp could increase somewhat (4.47%), while Finbox has calculated (with low uncertainty) a fair value price of $54.65.

Fortive Corp Info

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications. This segment also provides product realization services and products that help developers and engineers across the end-to-end product creation cycle from concepts to finished products; materials components; and devices that sense, monitor, and control operational or manufacturing variables. This segment markets its products and services under the FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS, INDUSTRIAL SCIENTIFIC, LANDAUER, QUALITROL, INVETECH, KEITHLEY, PACIFIC SCIENTIFIC ENERGETIC MATERIALS COMPANY, SONIX, and TEKTRONIX brands. Its Industrial Technologies segment offers solutions and services for use in fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking, and fleet and traffic management under the ANGI, GASBOY, GILBARCO, GILBARCO AUTOTANK, ORPAK, and VEEDER-ROOT brands; and various electromechanical and electronic motion control products, mechanical components, and supplemental braking systems for commercial vehicles under the DYNAPAR, HENGSTLER, JAKE BRAKE, KOLLMORGEN, PORTESCAP, and THOMSON brands. It also offers professional tools, toolboxes, and automotive diagnostic equipment under the MATCO brand; and wheel service equipment under the COATS brand. The company was incorporated in 2016 and is headquartered in Everett, Washington.

All amounts in USD unless otherwise indicated

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