Fortive (FTV) falls 3.36% after spinning off Precision Technologies segment

From Yahoo Finance: 2025-07-02 10:29:00

Fortive Corporation (NYSE:FTV) took a hit, falling 3.36% to $52.13 after separating from Ralliant Corp. (NYSE:RAL). The Precision Technologies segment was spun off to shareholders on June 28, 2025. Shareholders received one Ralliant share for every three Fortive shares, with 113 million Ralliant shares distributed.

Olumide Soroye is now President and CEO of Fortive Corporation, part of a planned transition following the separation from Ralliant. Despite potential in FTV as an investment, some believe other AI stocks offer greater returns with less risk. For more on AI stock options, check out our free report on the best short-term AI stock.

Read more: Fortive (FTV) Tumbles on Ralliant Breakup