Charles Mclaughlin, Senior Vice President and Chief Financial Officer of Fortive Corp (NYSE:FTV), has sold 40,837 shares of the company on February 28, 2024, according to a recent SEC filing. The transaction was executed at an average price of $86.28 per share, resulting in a total value of $3,522,000 approximately.
Fortive Corp is a diversified industrial technology conglomerate company that designs, develops, services, manufactures, and markets professional and engineered products, software, and services worldwide. It operates through two segments, Professional Instrumentation and Industrial Technologies. The company's portfolio of brands holds leading positions in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution.
Over the past year, Charles Mclaughlin has sold a total of 57,748 shares of Fortive Corp and has not made any purchases of the stock. The insider transaction history for Fortive Corp shows a pattern of 9 insider sells and 0 insider buys over the past year.
On the valuation front, Fortive Corp's shares were trading at $86.28 on the day of the insider's recent transaction, giving the company a market capitalization of $30.092 billion. The price-earnings ratio of the company stands at 34.89, which is higher than the industry median of 23.355 and also above the company's historical median price-earnings ratio.
According to the GF Value, with a price of $86.28 and a GuruFocus Value of $75.12, Fortive Corp has a price-to-GF-Value ratio of 1.15, indicating that the stock is modestly overvalued.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, insider transactions are not necessarily indicative of future stock performance and can be influenced by various factors, including personal financial requirements or portfolio diversification strategies.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
