Based on the recent data and market analysis, here is my assessment of FTV stock:
Technical Analysis
The stock is showing mixed signals with RSI at 56.36 indicating neutral momentum. Price is currently trading between the Bollinger Bands with a bandwidth of 5.24, suggesting moderate volatility. The MACD line at 0.78 with a slightly negative histogram (-0.07) indicates weakening upward momentum.
Fundamental Strength
The company has demonstrated solid fundamentals:
- Revenue grew to $6.07B in 2023, up from $5.83B in 2022
- Net income increased to $866M in 2023 from $755M in 2022
- Improved gross margin to 59.3% from 57.7%
- Better net margin at 14.3% vs 13.0% prior year
Analyst Consensus
According to recent analyst coverage:
- Consensus rating is "Moderate Buy"
- 9 Strong Buy, 1 Moderate Buy, 7 Hold ratings
- Mean price target of $87.69 (9.4% upside potential)
- Highest target at $97 suggests 21% upside
Recent Performance & Outlook
The stock has underperformed the broader market over the past year, declining 3.6% while the S&P 500 gained 20.5%. However, FTV is up 6.9% YTD in 2025, outpacing the S&P's 2.9% rise. The company's Q4 results showed:
- EPS of $1.17 beat estimates of $1.12
- Revenue slightly missed at $1.62B vs $1.63B expected
- FY2025 guidance: EPS $4.00-$4.12, Revenue $6.2B-$6.4B
Recommendation: HOLD
While Fortive shows improving fundamentals and positive analyst sentiment, the current technical setup suggests a neutral stance is appropriate. The stock appears fairly valued at current levels with moderate upside potential. Consider:
- Entry points on pullbacks to support around $78.35 (Fibonacci S1)
- Resistance levels at $81.80 (Fibonacci R1)
- Stop loss below $77.28 (Fibonacci S2)