Fortive (FTV)
NYSEIndustrialsHardware, Equipment & PartsSnapshot 2026-09-04
$56.94-1.09%
Close 2026-09-04 · 1-day change
NYSEIndustrialsHardware, Equipment & PartsSnapshot 2026-09-04
Intact: The reason to own it still holds.
Fortive keeps beating earnings with 7.7% revenue growth last quarter. It aims for EPS near $3.00 in 2026. Cash from operations improved to $717 million in 2025-Q3. The company has a strong balance sheet and moderate valuation.
EPS growth may slow as guidance is soft and management is volatile. Cash flow improvements are mixed and debt increased with new notes. Sector headwinds could pressure demand and margins.
The price is about 2% above our fair value near $62, in line with the Street median. Analysts expect about 4% revenue growth, which is modest compared to recent beats. Our view is slightly more optimistic on EPS and cash flow.
Breaks if: Debt rises sharply without offsetting cash flow or buybacks stop
Breaks if: cash from operations falls below $700 million in 2025-Q3
EPS falls below $2.90 in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on profitable growth. The current thesis state is intact, supported by strong recent financial performance and management's commitment to their growth strategy.
The market appears to have priced in a neutral valuation, with expectations slightly below peers. There is a low fragility tier, indicating that the current market sentiment is stable and justified.
Fundamentals are likely to continue reflecting strong performance, as management is on track with their growth strategy and has recently raised earnings guidance. However, there is a moderate risk due to the potential for sector headwinds.
The thesis hinges on the performance of sector bellwethers and whether they continue to beat earnings and guide higher. Any reversal in guidance from FTV could lead to a credibility hit, while continued sector momentum could support growth.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats identified that could weaken the thesis.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Fortive aims to maintain its EPS guidance range of $2.90 to $3.00 for the fiscal year 2026.
Breaks if: YoY revenue growth falls below 4% next year
Overall, FTV's outlook for the next 1-3 years is cautiously optimistic, but it is essential to monitor sector developments closely. Not investment advice.