Fortive Corporation (FTV) has been in the spotlight due to its decision to spin-off Ralliant, a move which has led to mixed reactions among investment circles. Despite initial challenges and a dip in stocks post-separation, the move is considered a strategic masterstroke by some experts. However, the breakup has impacted Fortive's stock in the short term, causing it to hit a 52-week low. This state of affairs has sparked discussions among investors about whether it's the right time to buy the dip. Various asset management entities are adjusting their positions in FTV, with many increasing their stakes, indicating strong interest in the company's future prospects.
New York State Teachers Retirement System, NBT Bank N A NY, and
Canoe Financial LP, however, have sold some of their shares in FTV. The firm eyes significant growth and resilience post-spin-off and has announced a growth strategy that includes
50% recurring revenue and an AI-powered future. It also plans to pay off debts and perform stock buybacks worth $1.15 billion following the Ralliant separation. Forecasts for
Fortive's Q2 2025 earnings are forthcoming, and the market appears to have a moderately bullish attitude towards the company's stocks.
Fortive Corporation FTV News Analytics from Wed, 05 Feb 2025 08:00:00 GMT to Sat, 05 Jul 2025 19:44:33 GMT -
Rating 5
- Innovation -3
- Information 8
- Rumor 5
