Several investment and advisory firms have increased their stakes in Fortive Corporation (FTV), including Wealth Enhancement Advisory Services, Addenda Capital, and Czech National Bank. Despite experiencing a 13% loss in the last year, the corporation's stock gain has been pegged at 10.6%. The corporation's Q1 2024 earnings call, however, exceeded analyst expectations and they raised their full-year outlook. This lends support to various financial experts and hedge funds naming Fortive as a top pick in the scientific instruments market. The corporation disposed of some stock, a possible bearish signal, but has also grown into its valuation due to good growth prospects. Second-quarter earnings beat estimates with a revenue rise year over year, despite a slight miss on Q2 revenue estimates. Some shareholders have lowered their holdings, including Sequoia Financial Advisors and Loring Wolcott & Coolidge Fiduciary Advisors. However, Fortive has plans to acquire EA Holding GmbH for $1.45B, further boosting its business portfolio.
Fortive Corporation FTV News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 18 Aug 2024 09:54:07 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor 2
