Comerica Bank reduced its position in
Fortive Co. by selling 8,020 shares while
AXA S.A. and
Northern Trust Corp bolstered their stakes in Fortive. Fortive's first-quarter results led to revised estimates by analysts and a reduction in price target by
Baird and
Barclays. Despite hedge funds like
Clark Capital Management Group and
AQR Capital Management cutting their positions, the firm's stock rose 3.38% on May 8 and soared 8.3% later, indicating a potential undervaluation. Fortive named Mark Okerstrom as CFO, as it announced plans for a split into two public companies. One, a $40B spin-off to be led by the former Wolfspeed CFO, was named
Ralliant. Fortive's Q1 2025 results reflected revenue challenges, but also met earnings estimates, leading to a mixed market response. In the backdrop of a tariffs-induced trim to 2025 outlook, Fortive confirmed its next dividend and appointed new designees for Ralliant's board.
Fortive Corporation FTV News Analytics from Fri, 26 Jul 2024 07:00:00 GMT to Sat, 10 May 2025 21:59:05 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -2
