Fortive jumps as board boosts buyback authorization to 20 million shares
FTV•Fortive shares rose after the company expanded its general share repurchase authorization, lifting remaining capacity to 20 million shares. The move adds to a separate $550 million special-purpose repurchase program tied to cash received from the 2025 Ralliant separation.
1. What’s moving the stock
Fortive is trading higher Monday after announcing a fresh increase to its general share repurchase authorization. The board-approved replenishment leaves Fortive with 20 million shares remaining available for repurchase under its general program, including shares already available before the increase. (investors.fortive.com)
