The
Public Sector Pension Investment Board reported a $8.25 Million investment in
Fortive Corporation (NYSE: FTV) while TD Cowen downgraded the Fortive Corporation stock. Notable investments included
JPMorgan Chase & Co's $185.19 Million position while
Deutsche Bank AG and
LPL Financial LLC reduced their stakes.
Nuveen LLC and
Invesco Ltd made significant investments, while the stock reached a new 12-month low, raising concerns over weaker Q2 earnings. Various large-scale transactions occurred, with investment firms buying or selling substantial amounts of Fortive shares.
Fortive's Q2 earnings missed estimates whereas revenues outperformed, which led to stock decline. Fortive recently finalized the
Ralliant spin-off, aiming to boost resilience and growth. Various brokerages have placed the price target for Fortive at $65.86. The organization has also launched new growth strategies and has been commended by personalities like
Jim Cramer. Meanwhile, Fortive Corporation's Q2 earnings also showed revenue in line with expectations, and the firm revealed a new growth plan targeting 50% recurring revenue in the future.
Fortive Corporation FTV News Analytics from Thu, 23 Jan 2025 08:00:00 GMT to Sat, 16 Aug 2025 09:24:04 GMT -
Rating -3
- Innovation -2
- Information 6
- Rumor -4
