Multiple announcements surrounding Fortive Co. (NYSE:FTV) have recently come out. Several big holdings firms have changed their stakes in the company, with some firms such as Bath Savings Trust Co and Vident Advisory LLC reducing their holdings, while other entities such as Toronto Dominion Bank, Select Equity Group and UBS Asset Management have purchased more shares. A new Credit Agreement for Ralliant, a major spin-off plan from Fortive has also been announced. Furthermore, Fortive extended its Share Buyback Program by 15.63 Million Shares and has revealed a massive $550M Special Buyback Program to enhance shareholder returns.
A recent intrinsic valuation places Fortive Corporation's Value 27% above its current share price. However, the company is seeing mixed reviews from institutions, receiving an average recommendation of a 'Moderate Buy' from brokerages. There were also several mentions of Fortive's financial performance, with noted improvements in Q4 earnings and revenues. The firm also declared a regular quarterly dividend and announced a board chair transition.
Fortive Corporation FTV News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 31 May 2025 11:57:34 GMT - Rating 7 - Innovation 6 - Information 9 - Rumor 1
