Published on 21 Mar 2024 on Simply Wall St. via Yahoo Finance
Has Fortive Corporation's (NYSE:FTV) Impressive Stock Performance Got Anything to Do With Its...
Fortive's (NYSE:FTV) stock is up by a considerable 18% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on Fortive's ROE.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
See our latest analysis for Fortive