Fortive Corp
FTV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$53.00 | Gtdxt | Vbfdytzxd |
Fortive Raises Full-Year Guidance After Solid Third Quarter; Maintaining Fair Value Estimate
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.