Fortive (FTV) Tumbles on Ralliant Breakup

Fortive Corporation (NYSE:FTV) is one of the 10 Stocks Crash Hard on a Roaring Monday.

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.

Fortive (FTV) Tumbles on Ralliant Breakup

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.

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Disclosure: None. This article is originally published at Insider Monkey.