Fortive Corp. stock underperforms Monday when compared to competitors despite daily gains

MarketWatch Automation

Shares of Fortive Corp. /zigman2/quotes/207268286/composite FTV -0.82% inched 0.28% higher to $71.96 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.94% rising 0.28% to 4,410.13 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.22% rising 0.29% to 34,364.50. This was the stock's second consecutive day of gains. Fortive Corp. closed $7.91 below its 52-week high ($79.87), which the company achieved on November 22nd.

The stock underperformed when compared to some of its competitors Monday, as MKS Instruments Inc. /zigman2/quotes/208573663/composite MKSI +0.26% rose 3.21% to $163.61, Mesa Laboratories Inc. /zigman2/quotes/204834264/composite MLAB -1.57% rose 2.27% to $301.02, and LGL Group Inc. /zigman2/quotes/202735214/composite LGL -0.63% rose 1.78% to $10.18. Trading volume (2.6 M) eclipsed its 50-day average volume of 1.9 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

/zigman2/quotes/207268286/composite

Add to watchlist FTV

Fortive Corp.

US : U.S.: NYSE

$ 75.05

-0.62 -0.82%

Volume: 1.38M

Sept. 20, 2023 4:03p

P/E Ratio

33.47

Dividend Yield

0.37%

Market Cap

$26.64 billion

Rev. per Employee

$331,833

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,402.20

-41.75 -0.94%

Volume: 0.00

Sept. 20, 2023 5:27p

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

34,440.88

-76.85 -0.22%

Volume: 0.00

Sept. 20, 2023 5:27p

/zigman2/quotes/208573663/composite

Add to watchlist MKSI

MKS Instruments Inc.

US : U.S.: Nasdaq

$ 87.31

+0.23 +0.26%

Volume: 646,912

Sept. 20, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

1.01%

Market Cap

$5.82 billion

Rev. per Employee

$351,927

/zigman2/quotes/204834264/composite

Add to watchlist MLAB

Mesa Laboratories Inc.

US : U.S.: Nasdaq

$ 117.00

-1.87 -1.57%

Volume: 21,258

Sept. 20, 2023 4:00p

P/E Ratio

345.13

Dividend Yield

0.55%

Market Cap

$640.03 million

Rev. per Employee

$314,143

/zigman2/quotes/202735214/composite

Add to watchlist LGL

LGL Group Inc.

US : U.S.: NYSE American

$ 4.72

-0.03 -0.63%

Volume: 907.00

Sept. 20, 2023 3:04p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$25.43 million

Rev. per Employee

$1.69M