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Fortive Corp - Stock Quote FTV

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Morningstar's Fortive Corp Stock Analysis

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Fortive Raises Lower End of Full-Year 2022 Outlook Following Solid First Quarter

Analyst Note

| Krzysztof Smalec, CFA |

Considering COVID-19-related headwinds and ongoing supply chain disruptions, we think narrow-moat-rated Fortive delivered solid first-quarter results, featuring 5% core revenue growth and an 11% increase in adjusted EPS compared with the same period last year. We’ve trimmed our fair value estimate to $85 from $88, mostly due to slightly more conservative long-term growth assumptions, but continue to see Fortive as undervalued, with shares currently trading in 5-star territory.

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Fortive Corp's Company Profile

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
Sector Technology
Industry Scientific & Technical Instruments
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 18,000