Fortive Corp

FTV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$99.00	Kxcgbs	Ypzwvynmsm

Fortive Earnings: Positive Core Revenue Growth Despite Slowdown in China and Sensing Businesses

Krzysztof Smalec

Oct 26, 2023

We’ve trimmed our fair value estimate for narrow-moat-rated Fortive to $87 per share from $89 to reflect our slightly more muted near-term revenue growth projections, partially offset by the time value of money. The shares are currently trading at a roughly 26% discount to our fair value estimate, which we see as an attractive entry point.

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