Skip to Content

Fortive Corp FTV

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Fortive Posts Solid First-Quarter Results and Raises Full-Year 2021 Guidance; Increasing FVE

Analyst Note

| Krzysztof Smalec, CFA |

We are raising our fair value estimate for narrow-moat rated Fortive to $79 from $75 after the company reported solid first-quarter results and raised its guidance for full-year 2021. The cash compounder’s revenue of $1,259 million and adjusted EPS of $0.63 both surpassed FactSet consensus estimates ($1,224 million and $0.60, respectively). Our fair value increase reflects the firm’s strong execution, raised guidance, and time value of money.

Read Full Analysis

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 $4.6 billion in revenue and $976 million in adjusted operating income in 2020.

Contact
6920 Seaway Boulevard
Everett, WA, 98203
T +1 425 446-5000
Sector Technology
Industry Scientific & Technical Instruments
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 17,000