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Fortive


News

Fortive Corp reports results for the quarter ended in September 30 - Earnings Summary

Fortive Corp reports results for the quarter ended in September 30 - Earnings Summary Fortive Corp FTV.N reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 93 cents per share.
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Fortive Q3 Revenue USD 1,540 Million Vs. IBES Estimate USD 1,553 Million

BRIEF-Fortive Q3 Revenue USD 1,540 Million Vs. IBES Estimate USD 1,553 Million Oct 30 (Reuters) - Fortive Q3 EPS USD 0.63. Q3 net income USD 222 million outlook FY adjusted EPS USD 3.84-3.87 outlook Q4 adjusted EPS USD 1.11-1.14 outlook FY revenue USD 6,240-6,260 million outlook FY EPS USD 2.47-2.5 outlook Q4 revenue USD 1,630-1,650 million outlook
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RBC raises Fortive's PT ahead of Q3 results

BUZZ-RBC raises Fortive's PT ahead of Q3 results ** RBC Capital Markets raises price target for industrial products maker Fortive FTV.N to $85 from $77; maintains "sector perform" rating ** Says investors await progress updates on recently announced company split and will look for signs of recovery in China when FTV reports Q3 results on Oct 30 **
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U.S. Constellation Energy, Morgan Stanley, Uber

U.S. RESEARCH ROUNDUP-Constellation Energy, Morgan Stanley, Uber Oct 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Constellation Energy, Morgan Stanley, and Uber, on Thursday. HIGHLIGHTS * Constellation Energy Corp CEG.O : J.P. Morgan initiates coverage with overweight rating * Illumina Inc ILMN.O : HSBC raises to buy from hold * Morgan Stanley MS.N : RBC raises target price to $122 from $108 * Uber UBER.N : Dai
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Truist raises Fortive PT ahead of Q3 results

BUZZ-Truist raises Fortive PT ahead of Q3 results ** Truist Securities raises Fortive FTV.N target price to $90 from $82, a 17% upside to stock's last close ** Co maintained FY 2024 forecast after announcing spinoff of its Precision Technologies segment on Sept. 5; set to report Q3 results on Oct. 30 ** Brokerage believes "discussion will be around
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Wells Fargo raises Fortive PT ahead of Q3 results

BUZZ-Wells Fargo raises Fortive PT ahead of Q3 results ** Wells Fargo raises PT on Fortive FTV.N to $82 from $75; maintains "equal weight" rating ** New PT represents 6% upside to stock's last close ** Brokerage says spin-off announcement removes possibility of significant M&A in the near term ** Post-spinoff FTV will likely be more focused on bolt
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U.S. Cintas, Nasdaq, Talen Energy

U.S. RESEARCH ROUNDUP-Cintas, Nasdaq, Talen Energy Sept 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Cintas, Nasdaq and Talen Energy, on Thursday. HIGHLIGHTS * Celldex Therapeutics Inc CLDX.O : Wells Fargo raises to overweight from equal weight * Cintas Corp CTAS.O : JP Morgan raises target price to $228 from $212.50 * Expedia Group Inc EXPE.O : TD Cowen cuts to hold from buy * Nasdaq Inc NDAQ.O : TD Cowen init
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U.S. Broadcom, Costco Wholesale, Saia

U.S. RESEARCH ROUNDUP-Broadcom, Costco Wholesale, Saia Sept 6 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Broadcom, Costco Wholesale and Saia on Friday. HIGHLIGHTS * Broadcom Inc AVGO.O : JP Morgan raises target price to $210 from $200 * Costco Wholesale Corp COST.O : Oppenheimer raises target price to $955 from $925 * Globant SA GLOB.N : JP Morgan raises target price to $237 from $226 * Saia Inc SAIA.O : JP Morg
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U.S. STOCKS MarketAxess, Perpetua Resources, Sotera Health

BUZZ-U.S. STOCKS ON THE MOVE-MarketAxess, Perpetua Resources, Sotera Health Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's three main indexes slipped in choppy trading on Thursday as a short-lived boost from a services activity survey fizzled out ahead of an upcoming employment report.
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U.S. STOCKS Modular Medical, Beazer Homes, oil firms

BUZZ-U.S. STOCKS ON THE MOVE-Modular Medical, Beazer Homes, oil firms Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 inched up on Thursday after a services activity survey allayed some fears of a slowdown in economic activity, while focus continues to be on the Federal Reserve's interest rate cut that is expected later this month.
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U.S. STOCKS Hoth Therapeutics, gold miners, Gatos Silver

BUZZ-U.S. STOCKS ON THE MOVE-Hoth Therapeutics, gold miners, Gatos Silver Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Futures tied to the S&P 500 pared some losses after a less-than-expected rise in weekly jobless claims calmed some worries over a cooling labor market.
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Fortive to spin off precision tech segment, shares rise

BUZZ-Fortive to spin off precision tech segment, shares rise ** Industrial products maker Fortive's FTV.N shares rise 4% to $74.50 premarket ** Fortive to spin off its precision technologies segment by Q4 2025 into another listed company ** Segment makes electrical testing and measurement equipment ** Fortive CEO James Lico to retire; will be succe
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Fortive Announces Strategic Plans For Separation Into Two Independent Public Companies

BRIEF-Fortive Announces Strategic Plans For Separation Into Two Independent Public Companies Sept 4 (Reuters) - Fortive Corp FTV.N : FORTIVE ANNOUNCES STRATEGIC PLANS FOR SEPARATION INTO TWO INDEPENDENT PUBLIC COMPANIES FORTIVE CORP - REAFFIRMS Q3 2024 AND FULL-YEAR 2024 OUTLOOK FORTIVE CORP - EXPECTS TRANSACTION TO BE COMPLETED IN Q4 2025 FORTIVE CORP - ANNOUNCES PLANS TO SEPARATE INTO TWO PUBLIC COMPANIES FORTIVE CORP - AT COMPLETION OF SPIN-OFF, JAMES A.
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Fortive to spin-off its precision tech segment, CEO to retire post split

UPDATE 2-Fortive to spin-off its precision tech segment, CEO to retire post split Adds details about leadership changes in paragraph 7-9, updates throughout Sept 4 (Reuters) - Industrial products maker Fortive FTV.N on Wednesday said it plans to spin off its Precision Technologies segment, creating two independent, publicly traded companies by the fourth quarter of 2025. The new company, temporarily dubbed "NewCo," will comprise the brands currently operating under Fortive's Precision Technologi
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