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Fortive Corp FTV Stock Quote

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Morningstar‘s Stock Analysis FTV

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Is it the right time to buy or sell?

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Fortive Raises Full-Year Guidance After Solid Third Quarter; Maintaining Fair Value Estimate

Analyst Note

| Krzysztof Smalec, CFA |

Narrow-moat Fortive posted solid third-quarter results, delivering a 20% year-over-year increase in adjusted EPS, to $0.79 from $0.66. We are maintaining our $85 fair value estimate, as nothing in the earnings release materially alters our long-term thesis. We view the stock as modestly undervalued, currently trading in 4-star territory.

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Key Statistics FTV

Company Profile FTV

Business Description

Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021.

6920 Seaway Boulevard
Everett, WA, 98203
T +1 425 446-5000
Industry Scientific & Technical Instruments
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 18,000