In the past week,
Fortive (FTV) experienced a
12% drop due to market turbulence triggered by President Trump's tariffs. Despite this, the company maintains a
quarterly dividend of $0.08. Various institutional investments actions were noted: Allstate Corp invested $795,000, Pictet Asset Management increased holdings whereas Wellington Management and LPL Financial decreased theirs. The firm has a
consensus rating of 'Moderate Buy' from brokerages and showed a
68% gain if invested five years ago. Fortive confirmed its strategic plans for separation into two independent public companies. Moreover, it announced the
appointment of Mark Okerstrom as CFO, while the former CFO Chuck E. McLaughlin retired, and declared board designees for the new Precision Technologies company, Ralliant Corporation. The firm is experiencing signs of improvement; however, valuation doesn't signal an easy investment decision. Q4 earnings for Fortive hinted increased revenues and strong EPS growth. The firm is expected to present at the Baird Global Industrial Conference and the J.P. Morgan 2025 Industrials Conference, indicating a future positive outlook for the firm.
Fortive Corporation FTV News Analytics from Fri, 26 Jul 2024 07:00:00 GMT to Sun, 06 Apr 2025 00:00:38 GMT -
Rating 2
- Innovation 7
- Information 8
- Rumor -4
