35 Chip Stocks In Focus Amid Tech Selloff

27. Fortive Corporation (NYSE:FTV)

Number of Hedge Fund Holders: 31 

Fortive Corporation (NYSE:FTV) designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. The firm reported revenues of $1.54 billion for Q3 2024, marking a 3% increase compared to the same period in the previous year. This growth included a 1% rise in core revenues. The company achieved a GAAP diluted EPS of $0.63. On an adjusted basis, diluted EPS was $0.97, reflecting a 14% year-over-year increase and surpassing analysts’ expectations of $0.93. The adjusted operating profit margin reached 27%, representing a 90 basis point improvement from the prior year.