Latest news with #Ralliant
Yahoo
a day ago
- Business
- Yahoo
TD Cowen Downgrades Fortive Corporation (FTV) Stock
Fortive Corporation (NYSE:FTV) is one of the TD Cowen downgraded the company's stock to 'Hold' from 'Buy' with a price objective of $50, down from the prior target of $85, as reported by The Fly. Following the spinoff of Ralliant, the thesis on the new Fortive becomes less clear, noted the firm's analyst. The firm mentioned the concerns related to the company's growth trajectory, highlighting that Fortive Corporation (NYSE:FTV)'s strongest business unit has been decelerating post a period of strong performance, with other segments struggling to cater to the expectations and lagging behind competitors. A technician checking a calibration tool in a laboratory environment. As per Fortive Corporation (NYSE:FTV)'s top management, the new Fortive emerges with a robust financial track record with strong FCF generation, ~50% recurring revenue, significant competitive advantages, and a strategic orientation towards attractive markets with healthy secular tailwinds. The renewed emphasis towards accelerating profitable growth via Fortive Business System, together with a new shareholder returns-focused capital allocation strategy, provides the company confidence in delivering strong returns. While we acknowledge the potential of FTV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
Fortive (FTV) Tumbles on Ralliant Breakup
Fortive Corporation (NYSE:FTV) is one of the . Fortive Corporation declined by 3.36 percent on Monday to close at $52.13 apiece following the completion of its separation with Ralliant Corp. (NYSE:RAL). In a statement, Fortive Corporation (NYSE:FTV) said it successfully concluded its separation with the Precision Technologies segment, through the 100 percent spin-off of Ralliant Corporation to its shareholders on June 28, 2025. Fortive Corporation (NYSE:FTV) shares will continue to trade on the New York Stock Exchange under the symbol 'FTV.' Effective Monday, Ralliant began regular way trading on the New York Stock Exchange under the symbol 'RAL.' In connection with the separation, Fortive Corporation (NYSE:FTV) shareholders received one share of common stock of Ralliant for every three shares of Fortive. Approximately 113 million shares of Ralliant common stock were distributed in the separation. A technician checking a calibration tool in a laboratory environment. Concurrently, Olumide Soroye has assumed the role of President and Chief Executive Officer and joined Fortive Corporation's Board of Directors. His appointment was part of a planned transition, previously announced in conjunction with the separation of Fortive and Ralliant. While we acknowledge the potential of FTV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
Fortive, Ralliant Stocks Drop After Completing Separation
Shares of Fortive (FTV) and Ralliant (RAL) fell Monday after the latter completed its separation and began trading as an independent company on the New York Stock Exchange. Shares of the Raleigh, N.C.-based Ralliant, formerly the Precision Technologies segment of Fortive, recently were down 9% in their NYSE debut. Shares of industrial technology conglomerate Fortive fell almost 5%, making it the worst-performing stock in the S&P 500. Over the weekend, "Fortive shareholders received one share of common stock of Ralliant for every three shares of common stock of Fortive held at the close of business on June 16, 2025," the Everett, Wash.-based firm announced. Concurrently, Olumide Soroye assumed the CEO role at Fortive as part of a planned transition in conjunction with the company's split, which was announced last September. Soroye succeeded James Lico, who retired but will continue to serve as an advisor until the end of the year. "Since our last earnings call, we have experienced increased pressure on tariff-related pricing and customer demand driven largely by heightened uncertainty in trade, healthcare, and government spending policy," said Soroye. "This created headwinds for revenue and core revenue growth that built late in the second quarter. As a result, we now estimate our second quarter revenue and core revenue as flat to slightly down across new Fortive, with the Precision Technologies segment, now Ralliant, declining mid-single digits as expected." Read the original article on Investopedia
Associated Press
30-06-2025
- Business
- Associated Press
Ralliant Completes Separation from Fortive and Launches as Independent, Publicly Traded Company
RALEIGH, N.C.--(BUSINESS WIRE)--Jun 30, 2025-- Ralliant Corporation ('Ralliant' or the 'Company') (NYSE: RAL) today announced the completion of its separation from Fortive Corporation ('Fortive') and its launch as an independent, publicly traded company. The Company's stock will begin trading today on the New York Stock Exchange under the ticker symbol 'RAL.' This press release features multimedia. View the full release here: Tami Newcombe has assumed the role of President and Chief Executive Officer and joined Ralliant's Board of Directors as planned and previously announced. Ms. Newcombe stated, 'As we begin our next chapter as an independent company, we are well-positioned as a global leader in mission-critical precision technologies trusted by over 90,000 customers. We have a sharpened strategy to win in growth vectors aligned to secular trends in Utilities, Defense & Space, and Power Electronics and to continue to deepen our stronghold positions. With a track record of operational and financial discipline, and our commitment to innovation and efficiency enabled by the Ralliant Business System, we are ready to deliver long-term value for our shareholders, customers, and employees.' Ralliant also announced that its Board of Directors approved a share repurchase authorization of up to $200 million of its common stock. The timing and amount of share repurchases will be determined by the Company based on its evaluation of market conditions and other factors. The share repurchase authorization has no expiration date, does not obligate the Company to acquire any particular amount of shares, and may be suspended or discontinued at any time. The share repurchase authorization is consistent with the Company's capital allocation strategy to prioritize returning capital to shareholders. Neill Reynolds, Ralliant's Chief Financial Officer, added, 'Ralliant has a strong track record of delivering top-tier Adjusted EBITDA growth and durable free cash flow. We will take a disciplined approach to capital deployment, with an expected prioritization of organic reinvestment, capital return to shareholders, and selective execution of tuck-in acquisitions aligned with our growth vectors. We are grateful to the Ralliant and Fortive teams for their dedication to realizing this milestone, and we are excited to capture the many opportunities ahead.' About Ralliant Ralliant is a global provider of precision technologies that specializes in designing, developing, manufacturing and servicing precision instruments and highly engineered products. Ralliant's strategic segments — Test and Measurement and Sensors and Safety Systems — include well-known brands with leading positions in their markets. The Company's businesses empower engineers with precision technologies essential for breakthrough innovation that brings advanced technologies to the market faster and more efficiently. With over 150 years of operating experience and enduring customer trust, we are known for delivering innovative, high-quality products with the precision that mission-critical systems demand. Ralliant is headquartered in Raleigh, North Carolina and employs a team of over 7,000 research and development, manufacturing, sales, distribution, service and administrative employees. The Company's global footprint enables a unique 'engineer to engineer' approach, which allows it to build enduring trust, credibility, and partnerships with customers across both Fortune 1000 companies and next generation start-up enterprises. With a culture rooted in continuous improvement, the core of our company's operating model is the Ralliant Business System. For more information please visit: Non-GAAP Financial Measures This press release references Adjusted EBITDA growth and free cash flow which are non-GAAP financial measures. Forward-Looking Statements Certain statements included in this press release are 'forward-looking statements' within the meaning of the U.S. federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: business outlook and priorities; future financial performance and results, including outlook and guidance; revenue growth; cash flows, our liquidity position or other financial measures; management's plans and strategies for future operations, including statements relating to anticipated operating performance, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions, divestitures, strategic opportunities, shareholder value creation, capital allocation, stock repurchases, dividends; the effects of the separation or the distribution on our business; growth, declines and other trends in markets we sell into, including the expected impact of trade and tariff policies; changes in government contracting requirements and reductions in federal spending; new or modified laws, regulations and accounting pronouncements; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; foreign currency exchange rates and fluctuations in those rates; tax rates, tax provisions, and the impact of changes to tax laws; general economic and capital markets conditions, including expected impact of inflation or interest rate changes; impact of geopolitical events and other hostilities; the timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that we intend or believe will or may occur in the future. Terminology such as 'believe', 'expect', 'anticipate', 'forecast', 'positioned', 'intend', 'plan', 'project', 'estimate', 'grow', 'will', 'should', 'could', 'would', 'may', 'strategy', 'opportunity', 'possible', 'potential', 'outlook', 'target', and 'guidance' and similar references to future periods are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Forward-looking statements are based on assumptions and assessments made by our management in light of their experience and perceptions of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including but not limited to the risks and uncertainties set forth under 'Cautionary Statement Concerning Forward-Looking Statements', 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' within Ralliant's Form 10 filed with the U.S. Securities and Exchange Commission ('SEC') on May 5, 2025 (including the amendments thereto), and in other documents that we have filed with, or furnished to, the SEC. Forward-looking statements are not guarantees of future performance and actual results may differ materially from the results, developments and business decisions contemplated by our forward-looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. Forward-looking statements speak only as of the date they are made (or such earlier date as may be specified in such statement). Except to the extent required by applicable law, Ralliant assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, and developments or otherwise. View source version on CONTACT: Nathan McCurren Vice President, Investor Relations Ralliant Corporation [email protected] KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA INDUSTRY KEYWORD: OTHER MANUFACTURING TECHNOLOGY SEMICONDUCTOR ENGINEERING OTHER TECHNOLOGY MANUFACTURING SOFTWARE NETWORKS HARDWARE SOURCE: Ralliant Corporation Copyright Business Wire 2025. PUB: 06/30/2025 06:01 AM/DISC: 06/30/2025 06:01 AM
Yahoo
30-06-2025
- Business
- Yahoo
Ralliant Completes Separation from Fortive and Launches as Independent, Publicly Traded Company
Ralliant Board of Directors Approves $200 Million Share Repurchase Authorization RALEIGH, N.C., June 30, 2025--(BUSINESS WIRE)--Ralliant Corporation ("Ralliant" or the "Company") (NYSE: RAL) today announced the completion of its separation from Fortive Corporation ("Fortive") and its launch as an independent, publicly traded company. The Company's stock will begin trading today on the New York Stock Exchange under the ticker symbol "RAL." Tami Newcombe has assumed the role of President and Chief Executive Officer and joined Ralliant's Board of Directors as planned and previously announced. Ms. Newcombe stated, "As we begin our next chapter as an independent company, we are well-positioned as a global leader in mission-critical precision technologies trusted by over 90,000 customers. We have a sharpened strategy to win in growth vectors aligned to secular trends in Utilities, Defense & Space, and Power Electronics and to continue to deepen our stronghold positions. With a track record of operational and financial discipline, and our commitment to innovation and efficiency enabled by the Ralliant Business System, we are ready to deliver long-term value for our shareholders, customers, and employees." Ralliant also announced that its Board of Directors approved a share repurchase authorization of up to $200 million of its common stock. The timing and amount of share repurchases will be determined by the Company based on its evaluation of market conditions and other factors. The share repurchase authorization has no expiration date, does not obligate the Company to acquire any particular amount of shares, and may be suspended or discontinued at any time. The share repurchase authorization is consistent with the Company's capital allocation strategy to prioritize returning capital to shareholders. Neill Reynolds, Ralliant's Chief Financial Officer, added, "Ralliant has a strong track record of delivering top-tier Adjusted EBITDA growth and durable free cash flow. We will take a disciplined approach to capital deployment, with an expected prioritization of organic reinvestment, capital return to shareholders, and selective execution of tuck-in acquisitions aligned with our growth vectors. We are grateful to the Ralliant and Fortive teams for their dedication to realizing this milestone, and we are excited to capture the many opportunities ahead." About Ralliant Ralliant is a global provider of precision technologies that specializes in designing, developing, manufacturing and servicing precision instruments and highly engineered products. Ralliant's strategic segments — Test and Measurement and Sensors and Safety Systems — include well-known brands with leading positions in their markets. The Company's businesses empower engineers with precision technologies essential for breakthrough innovation that brings advanced technologies to the market faster and more efficiently. With over 150 years of operating experience and enduring customer trust, we are known for delivering innovative, high-quality products with the precision that mission-critical systems demand. Ralliant is headquartered in Raleigh, North Carolina and employs a team of over 7,000 research and development, manufacturing, sales, distribution, service and administrative employees. The Company's global footprint enables a unique 'engineer to engineer' approach, which allows it to build enduring trust, credibility, and partnerships with customers across both Fortune 1000 companies and next generation start-up enterprises. With a culture rooted in continuous improvement, the core of our company's operating model is the Ralliant Business System. For more information please visit: Non-GAAP Financial Measures This press release references Adjusted EBITDA growth and free cash flow which are non-GAAP financial measures. Forward-Looking Statements Certain statements included in this press release are "forward-looking statements" within the meaning of the U.S. federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: business outlook and priorities; future financial performance and results, including outlook and guidance; revenue growth; cash flows, our liquidity position or other financial measures; management's plans and strategies for future operations, including statements relating to anticipated operating performance, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions, divestitures, strategic opportunities, shareholder value creation, capital allocation, stock repurchases, dividends; the effects of the separation or the distribution on our business; growth, declines and other trends in markets we sell into, including the expected impact of trade and tariff policies; changes in government contracting requirements and reductions in federal spending; new or modified laws, regulations and accounting pronouncements; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; foreign currency exchange rates and fluctuations in those rates; tax rates, tax provisions, and the impact of changes to tax laws; general economic and capital markets conditions, including expected impact of inflation or interest rate changes; impact of geopolitical events and other hostilities; the timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that we intend or believe will or may occur in the future. Terminology such as "believe", "expect", "anticipate", "forecast", "positioned", "intend", "plan", "project", "estimate", "grow", "will", "should", "could", "would", "may", "strategy", "opportunity", "possible", "potential", "outlook", "target", and "guidance" and similar references to future periods are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Forward-looking statements are based on assumptions and assessments made by our management in light of their experience and perceptions of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including but not limited to the risks and uncertainties set forth under "Cautionary Statement Concerning Forward-Looking Statements", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" within Ralliant's Form 10 filed with the U.S. Securities and Exchange Commission ("SEC") on May 5, 2025 (including the amendments thereto), and in other documents that we have filed with, or furnished to, the SEC. Forward-looking statements are not guarantees of future performance and actual results may differ materially from the results, developments and business decisions contemplated by our forward-looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. Forward-looking statements speak only as of the date they are made (or such earlier date as may be specified in such statement). Except to the extent required by applicable law, Ralliant assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, and developments or otherwise. View source version on Contacts Nathan McCurrenVice President, Investor RelationsRalliant CorporationInvestors@
