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Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. [ 1 ]
Fortive Corporation (NYSE:FTV) shares are trading lower after the company reported third-quarter results. Revenue grew 3% year-over-year to $1.54 billion, missing the consensus of $1.553 billion.
Does the January share price for Fortive Corporation (NYSE:FTV) reflect what it's really worth? Today, we will...
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The company's initial public offering, when it publicly sold its first shares of stock, was on September 11, 1963. [citation needed] In 1974, the company acquired 256 acres (1.0 km 2) in Wilsonville, Oregon where it built a facility for its imaging group. [10] By 1976, the company employed nearly 10,000, and was the state's largest employer. [10]
In October 2020, Fortive completed the corporate spin-off of 80% of Vontier. [3] Fortive disposed of its remaining 20% ownership interest in January 2021. [4] References
Fortive (FTV) delivered earnings and revenue surprises of 1.54% and -1.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?