VNT - Fortive Corporation: Growing Into The Valuation
2024-04-29 14:39:20 ET
Summary
- Fortive Corporation is a well-positioned conglomerate with high-quality, high-growth businesses in intelligent operating solutions, precision technologies, and advanced healthcare solutions.
- The company has seen solid growth, and has ambitious midterm targets.
- Shares have been trading stagnant, but with a more reasonable valuation at 19-20 times earnings, there may be potential for investment at dips from here.
Back in October, I called Fortive Corporation ( FTV ) an interesting and well-positioned conglomerate. Despite solid positioning, the company's shares have been trading rather stagnant since the company was spun off from Danaher ( DHR ) back in 2016....
Fortive Corporation: Growing Into The Valuation