Fortive Corporation (FTV)
Quantitative Summary
DeterministicAt 34.3x earnings — a 47% discount to the sector average of 65.0x — FTV is in the lower valuation range. Financial health is average: Piotroski 5/9, Altman Z 3.2.
Generated deterministically from quant metrics and financial statements. Not a recommendation.
Algorithmic Teardown
AI-GeneratedFortive Corporation presents a fundamental profile characterized by significant capital allocation inefficiency relative to its cost of equity, evidenced by an ROIC-WACC spread of -4.2%, indicating the firm is currently destroying value through its reinvestment strategy. Despite this negative spread, earnings power remains robust with a 13.9% net margin and strong gross margins of 63.5%, driven primarily by high leverage (Equity Multiplier of 1.82x) rather than operational efficiency or asset utilization, as the low 0.35x asset turnover constrains total return on equity to just 9.0%. Creditworthiness appears stable with a Beneish M-Score of -3.00 suggesting high earnings quality and an Altman Z-Score of 3.1 placing the company in the safe zone, though the moderate Piotroski F-Score of 5/9 signals limited financial strength improvement over recent periods.
Valuation metrics reveal a divergence between current pricing and historical norms within its Technology sector; while the stock trades at a compressed multiple of 35.3x compared to the sector average of 56.8x, this discount may reflect market skepticism regarding the sharp -33.3% year-over-year revenue contraction rather than an undervaluation opportunity given the negative risk-adjusted returns implied by the ROIC-WACC gap. The Fama-French alpha of -19.77% annually underscores persistent underperformance relative to a factor-based benchmark, suggesting that traditional value factors like profitability (RMW: 0.289) and size/value tilt (HML: 0.296) have failed to compensate for the capital destruction observed in recent years.
Insider activity further complicates the risk-reward dynamic, with $416,023 in net selling recorded over the last 90 days, which often coincides with periods of elevated valuation or anticipated headwinds despite the company's strong margin profile. The convergence of negative alpha, declining revenue growth, and insider outflows suggests that current pricing may already incorporate significant downside risks related to future cash flow generation, even as the balance sheet remains structurally sound according to credit metrics.
Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.
Valuation Context
Currently trading 4% above its 5-year average P/E of 35.3x.
Price Chart with Moving Averages
Technical Setup
AI GeneratedFortive Corporation is currently trading at $59.03, a position that warrants close examination relative to its established moving average envelope boundaries. Without specific upper and lower band values provided in the immediate dataset, the precise degree of deviation from statistical means cannot be quantified; however, the current price level serves as a critical reference point for assessing potential mean-reversion dynamics. If this price sits significantly below the midpoint of the long-term trend channel, it might suggest an extended period of underperformance relative to historical norms, theoretically increasing the probability of a bounce toward equilibrium. Conversely, trading near or above the upper band could indicate overextension, setting the stage for a corrective pullback as statistical probabilities favor a return to the average range. The relationship between the current valuation and these dynamic support and resistance zones defines the risk-reward profile without dictating specific directional outcomes. Technical analysis of this nature relies on the premise that prices oscillate around their mean, meaning any substantial distance from the centerline implies heightened volatility potential in either direction. Observers might note whether $59.03 represents a historical anomaly or a temporary fluctuation within normal variance parameters for the Technology sector. Ultimately, the significance of this price point depends entirely on where it falls relative to the invisible walls created by recent average prices, offering no intrinsic guarantee that future movements will correct current imbalances but highlighting areas where statistical forces often exert influence.
Quant Health Deep Dive
Profitability & Value Creation
DuPont Analysis — ROE Decomposition
Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.
Balance Sheet Health
Insider Activity (Last 90 Days)
Open-market buys vs sells by company insiders. Source: yfinance.
Earnings Surprise History
EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.
Dividend History
| Date | Amount | Change |
|---|---|---|
| 2026-03-13 | $0.0600 | 0.0% |
| 2025-11-28 | $0.0600 | 0.0% |
| 2025-09-12 | $0.0600 | -0.5% |
| 2025-05-30 | $0.0603 | 0.0% |
| 2025-02-28 | $0.0603 | 0.0% |
| 2024-11-29 | $0.0603 | 0.0% |
| 2024-09-13 | $0.0603 | 0.0% |
| 2024-05-31 | $0.0603 | 0.0% |
| 2024-02-22 | $0.0603 | 0.0% |
| 2023-11-22 | $0.0603 | +14.3% |
| 2023-08-31 | $0.0528 | 0.0% |
| 2023-05-25 | $0.0528 | 0.0% |
Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this stock's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Fundamentals
Passive Flow Attribution
ETF Draft EffectWhen investors buy or sell ETFs like XLI or VOE, the fund manager is mechanically forced to buy or sell FTV shares regardless of Fortive Corporation's individual fundamentals. We estimate $2.6B of passive capital is structurally linked to FTV through 8 tracked ETFs. Index rebalances and ETF creation/redemption cycles can create noticeable volume spikes unrelated to company news.
Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.
ETF Contagion Visualizer
Simulate a price drop in Fortive Corporation to visualize passive redemption contagion across ETFs and collateral stocks.
If Fortive Corporation (FTV) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies CATERPILLAR INC (CAT) as the most exposed collateral stock, sharing 1 ETFs with FTV. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.
Contagion model based on shared ETF exposure and constituent weights across 26 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.
FTV Ownership Dynamics
Passive funds hold 1 in every 7 FTV shares, reducing daily market volatility.
Fortive Corporation (FTV) exerts measurable gravity on the passive index market, currently representing 0.3% of the State Street Industrial Select Sector SPDR ETF (XLI) and 0.3% of the VOE (VOE). Across 26 tracked ETFs, approximately 46M shares (15.0% of float) are held by passive funds and rarely trade on the open market. This level of passive ownership means index rebalances can create outsized volume events.
ETFs with Highest FTV Exposure
Float lock-up computed from 26 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).
FTV Institutional Volume Profile
252-day volume distribution by price level. The Point of Control (POC) marks — the price where the most institutional volume transacted — an implicit support/resistance floor.
The highest-volume price zone for Fortive Corporation over the past year sits near $48.28 (10% of 252-day volume). The current price of $60.16 trades 24.6% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target.
Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.
Fails-to-Deliver (FTD) History
SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.
| Date | Failed Shares | Close Price | Notional Value |
|---|---|---|---|
| 2026-05-13 | 10,275 | $60.27 | $619,274.25 |
| 2026-05-11 | 624,195 | $60.43 | $37.7M |
| 2026-05-08 | 3,102 | $60.90 | $188,911.8 |
| 2026-05-05 | 1,615 | $60.08 | $97,029.2 |
| 2026-05-04 | 1,550 | $59.03 | $91,496.5 |
| 2026-05-01 | 17,167 | $59.79 | $1.0M |
| 2026-04-30 | 33 | $61.75 | $2,037.75 |
| 2026-04-28 | 2,692 | $62.01 | $166,930.92 |
| 2026-04-27 | 283 | $61.09 | $17,288.47 |
| 2026-04-21 | 2,407 | $60.97 | $146,754.79 |
| 2026-04-20 | 3,019 | $60.52 | $182,709.88 |
| 2026-04-15 | 3 | $59.71 | $179.13 |
| 2026-04-14 | 882 | $59.82 | $52,761.24 |
| 2026-04-13 | 27,497 | $58.36 | $1.6M |
| 2026-04-09 | 11,139 | $59.38 | $661,433.82 |
| 2026-03-27 | 4,860 | $54.81 | $266,376.6 |
| 2026-03-25 | 32 | $54.90 | $1,756.8 |
| 2026-03-24 | 123 | $55.39 | $6,812.97 |
| 2026-03-20 | 2,210 | $55.55 | $122,765.5 |
| 2026-03-16 | 5,466 | $54.27 | $296,639.82 |
| 2026-03-09 | 105 | $57.39 | $6,025.95 |
| 2026-03-06 | 555 | $58.03 | $32,206.65 |
| 2026-03-05 | 555 | $58.00 | $32,190 |
| 2026-03-04 | 12,535 | $58.03 | $727,406.05 |
| 2026-03-03 | 12 | $58.58 | $702.96 |
| 2026-03-02 | 314 | $59.20 | $18,588.8 |
| 2026-02-27 | 96,060 | $59.80 | $5.7M |
| 2026-02-04 | 2,304 | $54.35 | $125,222.4 |
| 2026-01-12 | 34,545 | $55.00 | $1.9M |
| 2026-01-07 | 10,119 | $55.45 | $561,098.55 |
Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.
Price Correlations
Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.
| Peer | 252-Day (1Y) | 126-Day (6M) | Direction |
|---|---|---|---|
| WTGXX | NaN | NaN | |
| IR | 0.624 | 0.576 | Moderate |
| SWK | 0.612 | 0.537 | Moderate |
| DOV | 0.595 | 0.469 | Moderate |
| ITW | 0.592 | 0.517 | Moderate |
| CSL | 0.583 | 0.552 | Moderate |
| EMR | 0.573 | 0.542 | Moderate |
| MTD | 0.572 | 0.438 | Moderate |
| NDSN | 0.568 | 0.493 | Moderate |
| TFC | 0.565 | 0.507 | Moderate |
Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.
Compare FTV to Peers
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.