The world of investment has seen a flurry of activity tied to the Fortive Corporation (FTV). The company has encountered a series of stock purchases, with companies such as USS Investment Management Ltd, UBS AM, and Select Equity Group L.P. acquiring significant numbers of shares. Conversely, certain asset management firms, such as Point72 Asset Management L.P., Cetera Investment Advisers, and Nuveen Asset Management LLC, have been selling shares.
Fortive has also established a new credit agreement with Ral and secured a major credit agreement under their subsidiary, Ralliant. Furthermore, FTV has announced board designees for the new Precision Technologies Company, which will be named Ralliant Corporation. Fortive has also introduced Mark Okerstrom as their new Chief Financial Officer.
Fortive's Q1 earnings met estimates, and despite some revenue challenges, the company has seen a boost of 8.3% in stock. However, there has also been a reported drop of 12% due to market turbulence. Rep. Thomas H. Kean Jr. and Peter Underwood have sold shares, and the company’s future seems poised for more changes as they have announced plans to separate into two independent public companies.
Fortive Corporation FTV News Analytics from Fri, 26 Jul 2024 07:00:00 GMT to Sat, 24 May 2025 09:37:23 GMT - Rating 5 - Innovation 2 - Information 5 - Rumor -1
