Banco Santander has increased its stake in
Fortive Corporation while both
Mitsubishi UFJ Trust & Banking Corp and
Mitsubishi UFJ Asset Management Co. Ltd have downsized and upsized their positions respectively.
TD Cowen upgraded Fortive, which recently exceeded Q1 2024 earnings expectations, raising its full-year outlook. Despite this, the stock has underperformed competitors recently. bets are on a significant move in Fortive stock. Furthermore,
Duality Advisers LP,
Empowered Funds LLC, and
Janney Montgomery Scott LLC trimmed their stakes. Fortive also exceeded Q1 earnings estimates with increased year/year revenues. The company's valuation seems fair, given its good growth prospects. Fortive is poised to again surpass earnings expectations and recently announced the pricing of an offering of Euro-denominated senior notes. It is in the process of acquiring
EA Holding GmbH. Despite some inside selling off, its investment appeal is clear. The most recent acquisition in focus is of
EA Elektro-Automatik worth $1.45B. Fortive also reported solid Q4 2023 earnings and announced plans to separate into two independent publicly traded entities.
Fortive Corporation FTV News Analytics from Wed, 04 Sep 2019 07:00:00 GMT to Sun, 21 Jul 2024 17:41:26 GMT -
Rating 3
- Innovation 2
- Information 7
- Rumor -1
