Fortive Corp

FTV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$67.00	Zwdmw	Gdmgdcts

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

Krzysztof Smalec

Oct 27, 2022

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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