Fortive Corporation (FTV) has been in the news lately for a variety of strategic actions and financial reports. FTV has made some strategic business decisions following its Annual Meeting, including unveiling a plan to separate its businesses and double its Investor Day showcase. Significant news about share activity includes
Rhumbline Advisers buying FTV shares and
Lansforsakringar Fondforvaltning AB publ investing in FTV. The company's intrinsic value is also believed to be 27% above its current share price, and the company's shares were noted to be trading 3.52% higher as of June 3. Details about the complete
Ralliant spinoff plan were revealed, including key dates and a 1:3 share distribution ratio.
Jefferies Financial Group Inc. also invested $1.03M in FTV. Financial reports indicate a Q1 meeting of earning estimates, but some revenue challenges.
Fortive is undertaking a $550M special buyback program, expanding its share buyback program and launching a Ralliant stock dividend.
Mark Okerstrom has been appointed as CFO.
Fortive Corporation FTV News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Fri, 06 Jun 2025 23:32:33 GMT -
Rating 8
- Innovation 6
- Rumor -4
