Fortive Corporation (NYSE:FTV), a diversified industrial technology company, is currently experiencing a mixture of positive and negative news. Despite a consensus recommendation of
'Hold' and hitting a 52-week low twice, the company elicited praise from well-known investor
Jim Cramer, calling it a 'Great' company. Notably, several financial institutions have executed varying actions towards Fortive's shares.
TD Cowen has downgraded the corporation's stock whereas
Assetmark Inc has more than 1.7 million in holdings.
Truist Financial has reaffirmed their 'Hold' rating even though Fortive has undergone a significant increase in short interest. Attention-grabbing moves have been made, with Fortive's CFO making a
major stock purchase and the corporation also expanding their buybacks. The corporation has also completed the strategic spin-off of
Ralliant, marking a new era for the company but also causing its stock to drop. Q1 and Q2
earnings have produced mixed results - the company missed expectations on Q1 revenue, which led to the stock dropping, but posted strong Q2 results with significant revenue growth.
Fortive Corporation FTV News Analytics from Thu, 23 Jan 2025 08:00:00 GMT to Sat, 09 Aug 2025 20:06:46 GMT -
Rating -3
- Innovation 2
- Information 5
- Rumor 3
