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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.30
FTV's Cash-to-Debt is ranked lower than
83% of the 2289 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.44 vs. FTV: 0.30 )
Ranked among companies with meaningful Cash-to-Debt only.
FTV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14  Med: 0.24 Max: 0.3
Current: 0.3
0.14
0.3
Equity-to-Asset 0.37
FTV's Equity-to-Asset is ranked lower than
81% of the 2257 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.57 vs. FTV: 0.37 )
Ranked among companies with meaningful Equity-to-Asset only.
FTV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3  Med: 0.37 Max: 0.73
Current: 0.37
0.3
0.73
Debt-to-Equity 1.01
FTV's Debt-to-Equity is ranked lower than
85% of the 1772 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.33 vs. FTV: 1.01 )
Ranked among companies with meaningful Debt-to-Equity only.
FTV' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.01  Med: 1.25 Max: 1.42
Current: 1.01
1.01
1.42
Debt-to-EBITDA 2.19
FTV's Debt-to-EBITDA is ranked lower than
52% of the 1613 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.01 vs. FTV: 2.19 )
Ranked among companies with meaningful Debt-to-EBITDA only.
FTV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.19  Med: 2.36 Max: 2.36
Current: 2.19
2.19
2.36
Interest Coverage 14.24
FTV's Interest Coverage is ranked lower than
68% of the 1868 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 56.05 vs. FTV: 14.24 )
Ranked among companies with meaningful Interest Coverage only.
FTV' s Interest Coverage Range Over the Past 10 Years
Min: 14.24  Med: No Debt Max: No Debt
Current: 14.24
Altman Z-Score: 4.41
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % 20.51
FTV's Operating Margin % is ranked higher than
94% of the 2270 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.35 vs. FTV: 20.51 )
Ranked among companies with meaningful Operating Margin % only.
FTV' s Operating Margin % Range Over the Past 10 Years
Min: 19.18  Med: 19.65 Max: 20.55
Current: 20.51
19.18
20.55
Net Margin % 14.02
FTV's Net Margin % is ranked higher than
89% of the 2269 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.34 vs. FTV: 14.02 )
Ranked among companies with meaningful Net Margin % only.
FTV' s Net Margin % Range Over the Past 10 Years
Min: 13.2  Med: 13.94 Max: 14.02
Current: 14.02
13.2
14.02
ROE % 32.59
FTV's ROE % is ranked higher than
96% of the 2240 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.43 vs. FTV: 32.59 )
Ranked among companies with meaningful ROE % only.
FTV' s ROE % Range Over the Past 10 Years
Min: 16.6  Med: 19.63 Max: 32.59
Current: 32.59
16.6
32.59
ROA % 10.92
FTV's ROA % is ranked higher than
88% of the 2298 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.17 vs. FTV: 10.92 )
Ranked among companies with meaningful ROA % only.
FTV' s ROA % Range Over the Past 10 Years
Min: 10.92  Med: 11.98 Max: 22.95
Current: 10.92
10.92
22.95
ROC (Joel Greenblatt) % 155.03
FTV's ROC (Joel Greenblatt) % is ranked higher than
98% of the 2289 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 11.99 vs. FTV: 155.03 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FTV' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 149.43  Med: 156.56 Max: 274.51
Current: 155.03
149.43
274.51
GuruFocus has detected 3 Warning Signs with Fortive Corp FTV.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» FTV's 30-Y Financials

Financials (Next Earnings Date: 2017-10-26)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2016

FTV Guru Trades in Q3 2016

Joel Greenblatt 112,009 sh (New)
Caxton Associates 175,000 sh (New)
Steven Cohen 1,159,200 sh (+1452.14%)
Pioneer Investments 117,434 sh (+580.82%)
Ray Dalio 19,092 sh (+74.47%)
First Eagle Investment 1,780,342 sh (+53.16%)
Murray Stahl 22,100 sh (+22.10%)
Chuck Akre 750,000 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
John Hussman Sold Out
Dodge & Cox Sold Out
John Burbank Sold Out
Mairs and Power Sold Out
Louis Moore Bacon Sold Out
Ken Fisher Sold Out
Jim Simons Sold Out
Daniel Loeb Sold Out
Jeremy Grantham Sold Out
Mario Gabelli Sold Out
Ruane Cunniff 758,753 sh (-1.84%)
John Griffin 1,123,000 sh (-3.14%)
Paul Tudor Jones 4,135 sh (-23.85%)
» More
Q4 2016

FTV Guru Trades in Q4 2016

Joel Greenblatt 239,943 sh (+114.22%)
First Eagle Investment 3,760,885 sh (+111.25%)
Ray Dalio 19,092 sh (unchged)
Chuck Akre 750,000 sh (unchged)
Caxton Associates Sold Out
John Griffin Sold Out
Ruane Cunniff Sold Out
Pioneer Investments Sold Out
Paul Tudor Jones Sold Out
Murray Stahl 21,269 sh (-3.76%)
Steven Cohen 50,000 sh (-95.69%)
» More
Q1 2017

FTV Guru Trades in Q1 2017

Jim Simons 325,800 sh (New)
Steven Cohen 80,500 sh (+61.00%)
Joel Greenblatt 315,698 sh (+31.57%)
First Eagle Investment 4,718,316 sh (+25.46%)
Chuck Akre 750,000 sh (unchged)
Ray Dalio Sold Out
Murray Stahl 20,070 sh (-5.64%)
» More
Q2 2017

FTV Guru Trades in Q2 2017

George Soros 4,200 sh (New)
Pioneer Investments 250,374 sh (New)
Paul Tudor Jones 5,502 sh (New)
Jim Simons 676,300 sh (+107.58%)
Steven Cohen Sold Out
Chuck Akre Sold Out
Murray Stahl 19,351 sh (-3.58%)
First Eagle Investment 2,711,391 sh (-42.53%)
Joel Greenblatt 114,110 sh (-63.85%)
» More
» Details

Insider Trades

Latest Guru Trades with FTV

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
First Eagle Investment 2017-06-30 Reduce -42.53%0.3%$60.01 - $64.79 $ 72.0916%2,711,391
Joel Greenblatt 2017-06-30 Reduce -63.85%0.15%$60.01 - $64.79 $ 72.0916%114,110
George Soros 2017-06-30 New Buy0.01%$60.01 - $64.79 $ 72.0916%4,200
Chuck Akre 2017-06-30 Sold Out 0.74%$60.01 - $64.79 $ 72.0916%0
First Eagle Investment 2017-03-31 Add 25.46%0.14%$53.66 - $60.22 $ 72.0927%4,718,316
Joel Greenblatt 2017-03-31 Add 31.57%0.06%$53.66 - $60.22 $ 72.0927%315,698
First Eagle Investment 2016-12-31 Add 111.25%0.27%$47.49 - $55.97 $ 72.0937%3,760,885
Joel Greenblatt 2016-12-31 Add 114.22%0.09%$47.49 - $55.97 $ 72.0937%239,943
Ruane Cunniff 2016-12-31 Sold Out 0.36%$47.49 - $55.97 $ 72.0937%0
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Computer Hardware » Scientific & Technical Instruments    NAICS: 334220    SIC: 3823
Compare:OSTO:HEXA B, NAS:GRMN, NAS:TRMB, NAS:CGNX, NYSE:ST, NYSE:KEYS, NAS:COHR, TSE:7701, NYSE:TDY, NAS:FLIR, NYSE:GDI, NAS:MKSI, HKSE:00241, LSE:SXS, NAS:ITRI, TSE:7779, NAS:IIVI, XAMS:TOM2, HKSE:00439, SHSE:601567 » details
Traded in other countries:F03.Germany, FTV.Mexico,
Headquarter Location:USA
Fortive Corp is a United States based company diversified industrial growth company. It has two business segments namely, Professional Instrumentation and Industrial Technologies.

Fortive Corporation is a United States-based diversified industrial growth company encompassing businesses that are recognized leaders in attractive markets. It has well-known brands in field solutions, transportation technology, sensing, product realization, automation and specialty, and franchise distribution markets. The company's two separate business segments consisting of Professional Instrumentation and Industrial Technologies. The Professional Instrumentation segment consists of its Advanced Instrumentation and Solutions, and Sensing Technologies businesses. The Industrial Technologies segment consists of its Transportation Technologies, Automation & Specialty Components, and Franchise Distribution businesses.

Ratios

vs
industry
vs
history
PE Ratio 28.38
FTV's PE Ratio is ranked lower than
63% of the 1672 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 20.94 vs. FTV: 28.38 )
Ranked among companies with meaningful PE Ratio only.
FTV' s PE Ratio Range Over the Past 10 Years
Min: 22.87  Med: 25.6 Max: 29.19
Current: 28.38
22.87
29.19
Forward PE Ratio 23.58
FTV's Forward PE Ratio is ranked lower than
73% of the 140 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.64 vs. FTV: 23.58 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 28.38
FTV's PE Ratio without NRI is ranked lower than
62% of the 1672 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 20.96 vs. FTV: 28.38 )
Ranked among companies with meaningful PE Ratio without NRI only.
FTV' s PE Ratio without NRI Range Over the Past 10 Years
Min: 22.87  Med: 25.6 Max: 29.19
Current: 28.38
22.87
29.19
PB Ratio 7.89
FTV's PB Ratio is ranked lower than
94% of the 2229 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.84 vs. FTV: 7.89 )
Ranked among companies with meaningful PB Ratio only.
FTV' s PB Ratio Range Over the Past 10 Years
Min: 6.58  Med: 7.17 Max: 7.92
Current: 7.89
6.58
7.92
PS Ratio 3.97
FTV's PS Ratio is ranked lower than
81% of the 2236 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.12 vs. FTV: 3.97 )
Ranked among companies with meaningful PS Ratio only.
FTV' s PS Ratio Range Over the Past 10 Years
Min: 2.76  Med: 3.45 Max: 4.01
Current: 3.97
2.76
4.01
Price-to-Free-Cash-Flow 27.46
FTV's Price-to-Free-Cash-Flow is ranked lower than
67% of the 848 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 17.85 vs. FTV: 27.46 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FTV' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 15.71  Med: 21.61 Max: 27.56
Current: 27.46
15.71
27.56
Price-to-Operating-Cash-Flow 24.20
FTV's Price-to-Operating-Cash-Flow is ranked lower than
76% of the 1108 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 12.08 vs. FTV: 24.20 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FTV' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 14.1  Med: 19.28 Max: 24.29
Current: 24.2
14.1
24.29
EV-to-EBIT 20.91
FTV's EV-to-EBIT is ranked lower than
60% of the 1748 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.50 vs. FTV: 20.91 )
Ranked among companies with meaningful EV-to-EBIT only.
FTV' s EV-to-EBIT Range Over the Past 10 Years
Min: 15.3  Med: 18.1 Max: 21.3
Current: 20.91
15.3
21.3
EV-to-EBITDA 18.61
FTV's EV-to-EBITDA is ranked lower than
66% of the 1855 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 11.95 vs. FTV: 18.61 )
Ranked among companies with meaningful EV-to-EBITDA only.
FTV' s EV-to-EBITDA Range Over the Past 10 Years
Min: 13.4  Med: 15.9 Max: 18.9
Current: 18.61
13.4
18.9
EV-to-Revenue 4.29
FTV's EV-to-Revenue is ranked lower than
81% of the 2229 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.12 vs. FTV: 4.29 )
Ranked among companies with meaningful EV-to-Revenue only.
FTV' s EV-to-Revenue Range Over the Past 10 Years
Min: 3.1  Med: 3.6 Max: 4.4
Current: 4.29
3.1
4.4
Current Ratio 1.97
FTV's Current Ratio is ranked higher than
51% of the 2222 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.95 vs. FTV: 1.97 )
Ranked among companies with meaningful Current Ratio only.
FTV' s Current Ratio Range Over the Past 10 Years
Min: 1.2  Med: 1.49 Max: 1.97
Current: 1.97
1.2
1.97
Quick Ratio 1.56
FTV's Quick Ratio is ranked higher than
54% of the 2222 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.44 vs. FTV: 1.56 )
Ranked among companies with meaningful Quick Ratio only.
FTV' s Quick Ratio Range Over the Past 10 Years
Min: 0.81  Med: 1.07 Max: 1.56
Current: 1.56
0.81
1.56
Days Inventory 62.92
FTV's Days Inventory is ranked higher than
58% of the 2208 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 72.25 vs. FTV: 62.92 )
Ranked among companies with meaningful Days Inventory only.
FTV' s Days Inventory Range Over the Past 10 Years
Min: 29.13  Med: 57.6 Max: 62.92
Current: 62.92
29.13
62.92
Days Sales Outstanding 56.54
FTV's Days Sales Outstanding is ranked higher than
70% of the 1906 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 74.46 vs. FTV: 56.54 )
Ranked among companies with meaningful Days Sales Outstanding only.
FTV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.08  Med: 55.62 Max: 57.85
Current: 56.54
55.08
57.85
Days Payable 73.07
FTV's Days Payable is ranked higher than
63% of the 1836 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 60.11 vs. FTV: 73.07 )
Ranked among companies with meaningful Days Payable only.
FTV' s Days Payable Range Over the Past 10 Years
Min: 69.2  Med: 74.07 Max: 76.19
Current: 73.07
69.2
76.19

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.39
FTV's Dividend Yield % is ranked lower than
89% of the 1899 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.01 vs. FTV: 0.39 )
Ranked among companies with meaningful Dividend Yield % only.
FTV' s Dividend Yield % Range Over the Past 10 Years
Min: 0.13  Med: 0.34 Max: 0.44
Current: 0.39
0.13
0.44
Dividend Payout Ratio 0.11
FTV's Dividend Payout Ratio is ranked higher than
93% of the 1276 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.36 vs. FTV: 0.11 )
Ranked among companies with meaningful Dividend Payout Ratio only.
FTV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.06  Med: 0.06 Max: 0.11
Current: 0.11
0.06
0.11
Forward Dividend Yield % 0.39
FTV's Forward Dividend Yield % is ranked lower than
90% of the 1793 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.11 vs. FTV: 0.39 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.39
FTV's 5-Year Yield-on-Cost % is ranked lower than
88% of the 2356 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.47 vs. FTV: 0.39 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
FTV' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.13  Med: 0.34 Max: 0.44
Current: 0.39
0.13
0.44

Valuation & Return

vs
industry
vs
history
Price-to-Median-PS-Value 1.15
FTV's Price-to-Median-PS-Value is ranked higher than
51% of the 2022 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.17 vs. FTV: 1.15 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FTV' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.84  Med: 0.97 Max: 1.15
Current: 1.15
0.84
1.15
Earnings Yield (Greenblatt) % 4.78
FTV's Earnings Yield (Greenblatt) % is ranked higher than
54% of the 2295 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.04 vs. FTV: 4.78 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FTV' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 4.7  Med: 5.5 Max: 6.5
Current: 4.78
4.7
6.5

More Statistics

Revenue (TTM) (Mil) $6,358.50
EPS (TTM) $ 2.54
Short Percentage of Float1.31%
52-Week Range $46.81 - 73.21
Shares Outstanding (Mil)347.10

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 6,490 6,825 6,963
EPS ($) 2.77 3.04 3.20
EPS without NRI ($) 2.77 3.04 3.20
EPS Growth Rate
(Future 3Y To 5Y Estimate)
12.00%
Dividends per Share ($) 0.29 0.30 0.32

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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