Fortive Announces Dividend and Share Repurchase Program

Fortive Corporation has declared a dividend and announced a new share repurchase program. The diversified group is organized around two areas of activity: industrial components and technical equipment, and professional measuring tools and instruments. Net sales are distributed geographically across the US, China, and other regions. The new program aims to enhance shareholder value through strategic investments and acquisitions.

Fortive Corporation (NYSE: FTV), a provider of essential technologies for connected workflow solutions, has announced a new share repurchase program. The company, headquartered in Everett, Washington, operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. With a market cap of $25 billion, Fortive has been experiencing a lag in stock performance compared to the broader market over the past year [2].

The new share repurchase program, authorized by the company's Board of Directors, will see Fortive purchasing up to 20 million shares of its common stock from the open market or through trading plans, with no expiration date [1]. This authorization follows the company's recent replenishment of its general share repurchase program, which now stands at 20 million shares available for future repurchases [1].

In addition, Fortive has concurrently adopted a separate special purpose share repurchase program, under which it may purchase up to $550 million in Fortive’s common stock exclusively from the proceeds of the approximately $1.15 billion pre-Separation cash dividend from Ralliant to Fortive, together with any other cash received by Fortive from Ralliant in connection with the Separation [1]. This program is designed to deploy the cash distribution from Ralliant Corporation, which will be spun off from Fortive on June 28, 2025.

James Lico, President and Chief Executive Officer of Fortive, stated, "I am excited for the opportunities ahead for Fortive and Ralliant as two focused, independent public companies with distinct and compelling investment profiles." He added, "The board’s approval of this special purpose share repurchase program reflects our confidence in Fortive’s future and its unwavering focus on creating sustained value for shareholders" [1].

The timing and amount of common stock repurchases made under these programs will be determined by Fortive’s management based on its evaluation of market conditions and other factors. The repurchase programs do not obligate Fortive to acquire any particular amount of shares, and may be suspended or discontinued at any time [1].

Fortive's strategic focus on enhancing shareholder value through disciplined capital deployment is evident in this move. The company has been deploying approximately 75 percent of its free cash flow to share repurchases since announcing the separation of the Precision Technologies segment last year [1].

For more information about Fortive, visit www.fortive.com. For investor relations inquiries, contact Elena Rosman, Vice President, Investor Relations, at (425) 446-5000.

References:

[1] https://www.morningstar.com/news/business-wire/20250527914151/fortive-announces-share-repurchase-authorizations
[2] https://www.inkl.com/news/fortive-stock-is-wall-street-bullish-or-bearish