Shares of Fortive (FTV) and Ralliant (RAL) fell Monday after the latter completed its separation and began trading as an independent company on the New York Stock Exchange.
Shares of the Raleigh, N.C.-based Ralliant, formerly the Precision Technologies segment of Fortive, recently were down 9% in their NYSE debut. Shares of industrial technology conglomerate Fortive fell almost 5%, making it the worst-performing stock in the S&P 500.
Over the weekend, “Fortive shareholders received one share of common stock of Ralliant for every three shares of common stock of Fortive held at the close of business on June 16, 2025,” the Everett, Wash.-based firm announced.
Concurrently, Olumide Soroye assumed the CEO role at Fortive as part of a planned transition in conjunction with the company’s split, which was announced last September. Soroye succeeded James Lico, who retired but will continue to serve as an advisor until the end of the year.
“Since our last earnings call, we have experienced increased pressure on tariff-related pricing and customer demand driven largely by heightened uncertainty in trade, healthcare, and government spending policy,” said Soroye. “This created headwinds for revenue and core revenue growth that built late in the second quarter. As a result, we now estimate our second quarter revenue and core revenue as flat to slightly down across new Fortive, with the Precision Technologies segment, now Ralliant, declining mid-single digits as expected.”