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.
Jason Snipe of Odyssey Capital Advisors said he is staying long on Palo Alto Networks, Inc. Supporting his choice, Morgan Stanley analyst Hamza Fodderwala, on Jan. 21, maintained Palo Alto Networks with an Overweight rating.
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).
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.
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.
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.
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.
Two weeks ago we turned to a more bullish stance, which has proved to be correct, though we still await the explosive movement out of these consolidations.
