Fortive Corporation (FTV) has seen mixed performance compared to its competitors, with instances of both underperforming and outperforming in recent times. Northern Trust Corp and Goldman Sachs Group Inc. have decreased their stakes in Fortive whereas HSBC Holdings PLC, Tower Research Capital LLC and Bank of Nova Scotia have increased their holdings. The asset acquisitions of Azima DLI by Fortive’s subsidiary Fluke Reliability and EA GmbH are notable developments. Despite these strategic acquisitions, analysts average rating for Fortive remains a 'Hold'. The company's Q3 earnings surpassed estimates though revenues missed, and its Q4 earnings and revenue beat estimates. First quarter of 2024 results show promise surpassing expectations with strong growth, leading to an upward revision in the full-year outlook. The resilience is reflected in its stock price, marking a 30.1% increase over the past year and prompting speculations whether the rally will last. Fortive's balance sheet is touted to be healthy and an annual dividend of $0.08 per share affirms the company's stable financial standing. The company recently concluded the acquisition of EA Elektro-Automatik, which strengthens their portfolio in electronic test and measurement solutions.
Fortive Corporation FTV News Analytics from Fri, 18 Aug 2023 07:00:00 GMT to Sun, 09 Jun 2024 16:05:04 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor -3
