Fortive Corp Stock Price, News & Analysis

Fortive (NYSE: FTV) announced that its Precision Technologies segment will be separated as a new independent public company named Ralliant . The company will focus on precision technologies for test and measurement, specialty sensors, and aero, defense, and space subsystems.

Ganesh Moorthy, former CEO of Microchip Technology, will join as the independent Board Chair, while Fortive board members Alan G. Spoon and Kate D. Mitchell will serve as independent directors. Tami Newcombe will lead as President and CEO of Ralliant.

The company name combines 'rally' and 'valiant,' reflecting their customer-focused approach and commitment to technological innovation. Fortive will provide an update on the separation timing during its Q4 and full-year 2024 earnings call scheduled for February 7th, 2025.

Fortive (NYSE: FTV) announced a significant leadership transition in its Board of Directors. Sharmistha 'Shar' Dubey has been appointed as the new Chair of the Board, succeeding Alan G. Spoon, who will retire and not seek reelection at the June 2025 Annual General Meeting.

Dubey, who has served as a Director since 2020 and participated in the Nominating and Governance and Compensation Committees, brings extensive executive leadership experience, including her role as CEO of Match Group from 2020 to 2022. The transition comes as Fortive approaches the previously announced separation of its Precision Technologies segment.

The company's CEO, James A. Lico, emphasized Dubey's integral role in Fortive's strategic evolution over the past five years and her deep understanding of the business. Dubey currently serves on the boards of Match Group, Prosus, and Naspers

Fortive (NYSE: FTV) has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share of common stock. The dividend will be payable on March 28, 2025, to stockholders of record as of February 28, 2025. While the company anticipates continuing quarterly dividend payments, future declarations, including amounts, record dates, and payment dates, remain subject to Board discretion.

Fortive (NYSE: FTV) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Friday, February 7, 2025, at 12:00 p.m. ET. The one-hour presentation will include a webcast and slide presentation available on Fortive's website under the 'Investors' section. Participants can join via phone by dialing 877-407-3110 (U.S.) or 215-268-9915 (international). A digital recording will be accessible until February 21, 2025. The company has entered its quiet period, during which it will not engage with the investment community until the earnings release on February 7, 2025.

Fortive (NYSE: FTV) warns shareholders about an unsolicited mini-tender offer from TRC Capital Investment to purchase up to 1,500,000 shares (0.44%) of Fortive's outstanding common stock at $75.00 per share. The offer price represents a 4.93% discount to Fortive's closing price on December 6, 2024. Fortive strongly recommends shareholders reject the offer due to the below-market price and numerous conditions attached. The offer expires on January 9, 2025.

Mini-tender offers, targeting less than 5% of shares, bypass many investor protection requirements. TRC has previously made similar offers to Fortive in 2021 and other public companies. The SEC has cautioned investors about such below-market price offers and provided guidance on their website.

Fluke has released a survey revealing key insights into the solar industry's future. The study, conducted by Censuswide across the UK, Germany, Spain, and USA, gathered perspectives from over 400 solar OEMs, technicians, and installers. 63% of respondents believe solar will become their country's dominant energy source.

Key findings show that 91% are concerned about solar panel efficiency, and 39% report inverter failures as a common issue. While nearly one-third still rely on reactive maintenance, over half prioritize adopting predictive maintenance. 59% emphasize the need for technician training in advanced diagnostic tools.

The survey also highlights that 45% view AI integration in solar panel design and maintenance as a key opportunity, while 36% are eager to adopt AI-powered diagnostics. Supply chain resilience remains a major concern for over half of the respondents.

Fluke has released a survey revealing key insights into the solar industry's future. The study, conducted by Censuswide across the UK, Germany, Spain, and USA, gathered perspectives from over 400 solar OEMs, technicians, and installers.

Key findings show that 63% of respondents believe solar will become their country's dominant energy source. However, significant challenges exist: 91% express concerns about solar panel efficiency, and 39% report inverter failures as a common issue. Nearly one-third still rely on reactive maintenance, while over half prioritize adopting predictive maintenance.

The survey also highlighted that 59% emphasize the need for technician training in advanced diagnostic tools, and 45% view AI integration in solar panel design and maintenance as a key opportunity. Additionally, 52% depend on external maintenance services, and supply chain resilience remains a major concern for installers.

Fluke Networks has launched the LinkIQ™ Duo Cable+WiFi+Network Tester, combining cable qualification with Wi-Fi 6E network testing capabilities in a single solution. This launch addresses the growing demand for Wi-Fi 6E testing tools, with industry projections indicating 5.2 million Wi-Fi 6E access points expected to ship in 2024, up from 1.5 million in 2022.

The LinkIQ Duo enables technicians to validate network connections by qualifying cable performance up to 10 Gb/s, validating switch connectivity, checking PoE availability, verifying Wi-Fi controller connectivity, and examining access point configurations. The tool also identifies common configuration errors such as illegal channel usage, overlapping access points, and weak security settings.

Fluke Reliability's recent survey reveals a significant shift in AI adoption within manufacturing, with 79% of respondents prioritizing AI investment to address high-skill labor shortages, compared to 37% for low-skill roles. The study, covering 600 senior decision-makers across the US, UK, and Germany, shows that 90% of organizations are impacted by skills shortages, with 98% viewing AI as a viable solution.

Key findings indicate that 21% of respondents believe AI and real-time data analytics will help bridge the skills gap and reduce workloads, while 40% of maintenance managers expect AI to drive positive efficiency transformation. The survey also highlights diversity challenges, with 37% of manufacturers acknowledging talent shortages due to lack of diversity. Organizations are responding through employer brand improvement (34%) and comprehensive training programs (33%).