Fortive Corp

FTV: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Fortive Earnings: Full-Year Guidance Cut Due to Tariffs and Softness in Precision Technologies

Narrow-moat-rated Fortive reported first-quarter adjusted EPS of $0.85, in line with management's guidance. We've lowered our fair value estimate to $87 from $90, which reflects our more muted near-term revenue growth projections for the precision technologies business. We see the name as undervalued, with shares currently trading in 4-star territory.

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