Fortive Corp is a diversified industrial technology company that specializes in providing essential technologies and solutions across a range of applications, including industrial automation, sensing, and software-driven data solutions
The company operates through various segments, focusing on areas such as precision instruments, automated workflow solutions, and electronic and industrial components. Fortive's innovative products are designed to enhance productivity, improve operational efficiency, and support a variety of industries, including manufacturing, healthcare, and utilities. With a commitment to sustainable practices and continuous improvement, Fortive aims to empower customers through reliable and advanced technological solutions.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Hyster-Yale Materials Handling (NYSEHY) and its peers.
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The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with Fortive (NYSEFTV).
Fortive Corporation (“Fortive”) (NYSEFTV) today announced that its Board of Directors has appointed Sharmistha “Shar” Dubey as the Chair of the Board. Ms. Dubey succeeds Alan G. Spoon who has notified the Board that he will retire from the Board and not stand for reelection at the upcoming Annual General Meeting in June 2025.
Fortive Corporation (“Fortive”) (NYSEFTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of its common stock, par value $0.01 per share, payable on March 28, 2025 to common stockholders of record on February 28, 2025. Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration of dividends, including the amount, the record dates and the payment dates for any such future dividend payments, is subject to the discretion of the Board of Directors.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the professional tools and equipment industry, including Snap-on (NYSESNA) and its peers.
Fortive Corporation (“Fortive”) (NYSEFTV) today announced that it will webcast its earnings conference call for the fourth quarter 2024 on Friday, February 7, 2025 beginning at 12:00 p.m. ET and lasting approximately 1 hour.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Middleby (NASDAQMIDD) and the rest of the professional tools and equipment stocks fared in Q3.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Lincoln Electric (NASDAQLECO) and the best and worst performers in the professional tools and equipment industry.
Fortive Corporation (“Fortive”) (NYSEFTV) has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corporation (“TRC”) for TRC to purchase for cash up to 1,500,000 shares, or approximately 0.44%, of the outstanding common stock of Fortive, at a price of $75.00 per share. TRC’s offer price of $75.00 per share represents a 4.93% discount to the closing price per share of Fortive’s common stock on December 6, 2024, the last trading day before the commencement of TRC’s unsolicited mini-tender offer.
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Although Fortive (currently trading at $79.40 per share) has gained 8.7% over the last six months, it has trailed the S&P 500’s 14.2% return during that period. This may have investors wondering how to approach the situation.
Fortive Corporation ("Fortive") (NYSEFTV) today announced that President and Chief Executive Officer, James A. Lico, will be presenting at the Baird 2024 Global Industrial Conference on Wednesday, November 13th, 2024 at 3:55 p.m. ET (12:55 p.m. PT). The audio will be simultaneously webcast and will be archived on www.fortive.com.
Fortive Corporation (“Fortive”) (NYSEFTV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of its common stock, par value $0.01 per share, payable on December 27, 2024 to common stockholders of record on November 29, 2024. Although Fortive expects to pay dividends on a quarterly basis, any subsequent declaration of dividends, including the amount, the record dates and the payment dates for any such future dividend payments, is subject to the discretion of the Board of Directors.
Industrial technology company Fortive (NYSEFTV) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 2.7% year on year to $1.53 billion. The company expects next quarter’s revenue to be around $1.64 billion, slightly below analysts’ estimates. Its non-GAAP profit of $0.97 per share was 4.2% above analysts’ consensus estimates.
