Intrinsic value of Fortive - FTV

Previous Close

$70.06

  Intrinsic Value

$82.13

stock screener

  Rating & Target

hold

+17%

Previous close

$70.06

 
Intrinsic value

$82.13

 
Up/down potential

+17%

 
Rating

hold

We calculate the intrinsic value of FTV stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 24.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  13.90
  13.01
  12.21
  11.49
  10.84
  10.26
  9.73
  9.26
  8.83
  8.45
  8.10
  7.79
  7.51
  7.26
  7.04
  6.83
  6.65
  6.48
  6.34
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.58
  5.52
  5.47
  5.42
Revenue, $m
  7,581
  8,567
  9,614
  10,718
  11,880
  13,098
  14,372
  15,703
  17,090
  18,533
  20,035
  21,596
  23,219
  24,905
  26,658
  28,479
  30,373
  32,342
  34,391
  36,524
  38,746
  41,060
  43,473
  45,990
  48,616
  51,357
  54,220
  57,212
  60,339
  63,609
Variable operating expenses, $m
  5,582
  6,225
  6,908
  7,628
  8,386
  9,180
  10,012
  10,879
  11,784
  12,725
  13,067
  14,086
  15,144
  16,244
  17,387
  18,575
  19,810
  21,094
  22,431
  23,822
  25,271
  26,781
  28,354
  29,996
  31,709
  33,497
  35,364
  37,315
  39,355
  41,488
Fixed operating expenses, $m
  338
  346
  353
  361
  369
  377
  385
  394
  403
  411
  421
  430
  439
  449
  459
  469
  479
  490
  500
  512
  523
  534
  546
  558
  570
  583
  596
  609
  622
  636
Total operating expenses, $m
  5,920
  6,571
  7,261
  7,989
  8,755
  9,557
  10,397
  11,273
  12,187
  13,136
  13,488
  14,516
  15,583
  16,693
  17,846
  19,044
  20,289
  21,584
  22,931
  24,334
  25,794
  27,315
  28,900
  30,554
  32,279
  34,080
  35,960
  37,924
  39,977
  42,124
Operating income, $m
  1,661
  1,996
  2,353
  2,729
  3,125
  3,540
  3,975
  4,430
  4,903
  5,396
  6,547
  7,081
  7,636
  8,212
  8,812
  9,435
  10,084
  10,758
  11,460
  12,191
  12,952
  13,745
  14,573
  15,436
  16,337
  17,278
  18,261
  19,288
  20,362
  21,485
EBITDA, $m
  2,428
  2,780
  3,154
  3,549
  3,965
  4,401
  4,858
  5,335
  5,832
  6,350
  6,889
  7,449
  8,032
  8,637
  9,267
  9,921
  10,602
  11,310
  12,047
  12,814
  13,613
  14,446
  15,315
  16,221
  17,167
  18,154
  19,186
  20,264
  21,392
  22,571
Interest expense (income), $m
  0
  219
  269
  323
  380
  440
  503
  570
  639
  711
  787
  865
  947
  1,032
  1,120
  1,212
  1,308
  1,407
  1,510
  1,617
  1,728
  1,845
  1,965
  2,091
  2,223
  2,360
  2,503
  2,652
  2,808
  2,970
  3,141
Earnings before tax, $m
  1,442
  1,727
  2,030
  2,349
  2,685
  3,037
  3,406
  3,791
  4,192
  4,610
  5,682
  6,134
  6,604
  7,092
  7,600
  8,128
  8,677
  9,248
  9,843
  10,462
  11,107
  11,780
  12,481
  13,213
  13,977
  14,775
  15,609
  16,480
  17,391
  18,345
Tax expense, $m
  389
  466
  548
  634
  725
  820
  920
  1,023
  1,132
  1,245
  1,534
  1,656
  1,783
  1,915
  2,052
  2,194
  2,343
  2,497
  2,658
  2,825
  2,999
  3,181
  3,370
  3,568
  3,774
  3,989
  4,214
  4,450
  4,696
  4,953
Net income, $m
  1,052
  1,261
  1,482
  1,715
  1,960
  2,217
  2,486
  2,767
  3,060
  3,365
  4,148
  4,478
  4,821
  5,177
  5,548
  5,933
  6,334
  6,751
  7,185
  7,637
  8,108
  8,599
  9,111
  9,646
  10,203
  10,786
  11,394
  12,031
  12,696
  13,392

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  11,958
  13,513
  15,163
  16,905
  18,738
  20,659
  22,669
  24,768
  26,955
  29,232
  31,601
  34,064
  36,623
  39,283
  42,047
  44,920
  47,906
  51,013
  54,245
  57,609
  61,113
  64,764
  68,570
  72,539
  76,681
  81,005
  85,521
  90,239
  95,172
  100,329
Adjusted assets (=assets-cash), $m
  11,958
  13,513
  15,163
  16,905
  18,738
  20,659
  22,669
  24,768
  26,955
  29,232
  31,601
  34,064
  36,623
  39,283
  42,047
  44,920
  47,906
  51,013
  54,245
  57,609
  61,113
  64,764
  68,570
  72,539
  76,681
  81,005
  85,521
  90,239
  95,172
  100,329
Revenue / Adjusted assets
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
  0.634
Average production assets, $m
  3,882
  4,387
  4,922
  5,488
  6,082
  6,706
  7,359
  8,040
  8,750
  9,489
  10,258
  11,057
  11,888
  12,751
  13,649
  14,581
  15,551
  16,559
  17,608
  18,700
  19,838
  21,023
  22,258
  23,547
  24,891
  26,295
  27,761
  29,292
  30,894
  32,568
Working capital, $m
  425
  480
  538
  600
  665
  733
  805
  879
  957
  1,038
  1,122
  1,209
  1,300
  1,395
  1,493
  1,595
  1,701
  1,811
  1,926
  2,045
  2,170
  2,299
  2,434
  2,575
  2,722
  2,876
  3,036
  3,204
  3,379
  3,562
Total debt, $m
  4,987
  5,981
  7,035
  8,148
  9,319
  10,547
  11,832
  13,173
  14,570
  16,025
  17,539
  19,113
  20,748
  22,448
  24,214
  26,049
  27,958
  29,943
  32,008
  34,158
  36,397
  38,730
  41,162
  43,698
  46,345
  49,108
  51,994
  55,009
  58,161
  61,456
Total liabilities, $m
  7,641
  8,635
  9,689
  10,802
  11,973
  13,201
  14,486
  15,827
  17,224
  18,679
  20,193
  21,767
  23,402
  25,102
  26,868
  28,704
  30,612
  32,597
  34,662
  36,812
  39,051
  41,384
  43,816
  46,352
  48,999
  51,762
  54,648
  57,663
  60,815
  64,110
Total equity, $m
  4,317
  4,878
  5,474
  6,103
  6,764
  7,458
  8,184
  8,941
  9,731
  10,553
  11,408
  12,297
  13,221
  14,181
  15,179
  16,216
  17,294
  18,416
  19,582
  20,797
  22,062
  23,380
  24,754
  26,187
  27,682
  29,243
  30,873
  32,576
  34,357
  36,219
Total liabilities and equity, $m
  11,958
  13,513
  15,163
  16,905
  18,737
  20,659
  22,670
  24,768
  26,955
  29,232
  31,601
  34,064
  36,623
  39,283
  42,047
  44,920
  47,906
  51,013
  54,244
  57,609
  61,113
  64,764
  68,570
  72,539
  76,681
  81,005
  85,521
  90,239
  95,172
  100,329
Debt-to-equity ratio
  1.160
  1.230
  1.290
  1.340
  1.380
  1.410
  1.450
  1.470
  1.500
  1.520
  1.540
  1.550
  1.570
  1.580
  1.600
  1.610
  1.620
  1.630
  1.630
  1.640
  1.650
  1.660
  1.660
  1.670
  1.670
  1.680
  1.680
  1.690
  1.690
  1.700
Adjusted equity ratio
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361
  0.361

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,052
  1,261
  1,482
  1,715
  1,960
  2,217
  2,486
  2,767
  3,060
  3,365
  4,148
  4,478
  4,821
  5,177
  5,548
  5,933
  6,334
  6,751
  7,185
  7,637
  8,108
  8,599
  9,111
  9,646
  10,203
  10,786
  11,394
  12,031
  12,696
  13,392
Depreciation, amort., depletion, $m
  767
  784
  802
  820
  840
  861
  883
  905
  929
  954
  342
  369
  396
  425
  455
  486
  518
  552
  587
  623
  661
  701
  742
  785
  830
  876
  925
  976
  1,030
  1,086
Funds from operations, $m
  1,819
  2,044
  2,283
  2,535
  2,800
  3,078
  3,369
  3,673
  3,989
  4,319
  4,490
  4,846
  5,217
  5,602
  6,003
  6,419
  6,852
  7,303
  7,772
  8,261
  8,770
  9,300
  9,853
  10,430
  11,033
  11,662
  12,320
  13,007
  13,726
  14,477
Change in working capital, $m
  52
  55
  59
  62
  65
  68
  71
  75
  78
  81
  84
  87
  91
  94
  98
  102
  106
  110
  115
  119
  124
  130
  135
  141
  147
  154
  160
  168
  175
  183
Cash from operations, $m
  1,768
  1,989
  2,225
  2,473
  2,735
  3,010
  3,298
  3,598
  3,912
  4,238
  4,405
  4,759
  5,126
  5,508
  5,905
  6,317
  6,746
  7,193
  7,657
  8,141
  8,645
  9,170
  9,718
  10,290
  10,886
  11,509
  12,159
  12,839
  13,550
  14,294
Maintenance CAPEX, $m
  -114
  -129
  -146
  -164
  -183
  -203
  -224
  -245
  -268
  -292
  -316
  -342
  -369
  -396
  -425
  -455
  -486
  -518
  -552
  -587
  -623
  -661
  -701
  -742
  -785
  -830
  -876
  -925
  -976
  -1,030
New CAPEX, $m
  -476
  -505
  -536
  -565
  -595
  -624
  -652
  -681
  -710
  -739
  -769
  -799
  -831
  -863
  -897
  -933
  -970
  -1,008
  -1,049
  -1,092
  -1,137
  -1,185
  -1,235
  -1,288
  -1,344
  -1,404
  -1,466
  -1,532
  -1,601
  -1,674
Cash from investing activities, $m
  -590
  -634
  -682
  -729
  -778
  -827
  -876
  -926
  -978
  -1,031
  -1,085
  -1,141
  -1,200
  -1,259
  -1,322
  -1,388
  -1,456
  -1,526
  -1,601
  -1,679
  -1,760
  -1,846
  -1,936
  -2,030
  -2,129
  -2,234
  -2,342
  -2,457
  -2,577
  -2,704
Free cash flow, $m
  1,178
  1,355
  1,543
  1,744
  1,957
  2,183
  2,422
  2,672
  2,934
  3,207
  3,320
  3,617
  3,927
  4,248
  4,582
  4,930
  5,291
  5,666
  6,056
  6,462
  6,884
  7,324
  7,782
  8,259
  8,757
  9,275
  9,817
  10,382
  10,973
  11,590
Issuance/(repayment) of debt, $m
  931
  994
  1,054
  1,113
  1,171
  1,228
  1,284
  1,341
  1,398
  1,455
  1,514
  1,574
  1,635
  1,700
  1,766
  1,836
  1,909
  1,985
  2,065
  2,150
  2,239
  2,333
  2,432
  2,536
  2,647
  2,763
  2,886
  3,015
  3,152
  3,296
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  931
  994
  1,054
  1,113
  1,171
  1,228
  1,284
  1,341
  1,398
  1,455
  1,514
  1,574
  1,635
  1,700
  1,766
  1,836
  1,909
  1,985
  2,065
  2,150
  2,239
  2,333
  2,432
  2,536
  2,647
  2,763
  2,886
  3,015
  3,152
  3,296
Total cash flow (excl. dividends), $m
  2,108
  2,349
  2,597
  2,857
  3,128
  3,411
  3,706
  4,013
  4,331
  4,662
  4,834
  5,191
  5,562
  5,948
  6,349
  6,766
  7,199
  7,651
  8,122
  8,612
  9,123
  9,657
  10,214
  10,796
  11,403
  12,038
  12,703
  13,398
  14,125
  14,886
Retained Cash Flow (-), $m
  -526
  -562
  -596
  -629
  -661
  -694
  -726
  -758
  -790
  -822
  -855
  -889
  -924
  -960
  -998
  -1,037
  -1,078
  -1,121
  -1,167
  -1,215
  -1,265
  -1,318
  -1,374
  -1,433
  -1,495
  -1,561
  -1,630
  -1,703
  -1,781
  -1,862
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,582
  1,787
  2,001
  2,228
  2,467
  2,718
  2,980
  3,255
  3,542
  3,840
  3,979
  4,302
  4,638
  4,988
  5,351
  5,728
  6,121
  6,530
  6,955
  7,397
  7,859
  8,339
  8,840
  9,363
  9,908
  10,477
  11,072
  11,694
  12,344
  13,024
Discount rate, %
  5.70
  5.99
  6.28
  6.60
  6.93
  7.27
  7.64
  8.02
  8.42
  8.84
  9.28
  9.75
  10.24
  10.75
  11.29
  11.85
  12.44
  13.06
  13.72
  14.40
  15.12
  15.88
  16.67
  17.51
  18.38
  19.30
  20.27
  21.28
  22.34
  23.46
PV of cash for distribution, $m
  1,497
  1,591
  1,667
  1,725
  1,765
  1,783
  1,780
  1,756
  1,711
  1,646
  1,498
  1,409
  1,307
  1,194
  1,076
  955
  834
  716
  605
  502
  408
  326
  255
  195
  146
  107
  76
  53
  36
  23
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies. The Company's brands operate in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution markets. The Professional Instrumentation segment offers essential products, software and services used to create actionable intelligence by measuring and monitoring a range of physical parameters in industrial applications, including electrical current, radio frequency signals, distance, pressure and temperature. The Industrial Technologies segment offers critical technical equipment, components, software and services for manufacturing, repair and transportation markets around the world.

FINANCIAL RATIOS  of  Fortive (FTV)

Valuation Ratios
P/E Ratio 27.8
Price to Sales 3.9
Price to Book 9
Price to Tangible Book
Price to Cash Flow 21.3
Price to Free Cash Flow 24.1
Growth Rates
Sales Growth Rate 0.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 8.3%
Cap. Spend. - 3 Yr. Gr. Rate 9.9%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 124.9%
Total Debt to Equity 124.9%
Interest Coverage 0
Management Effectiveness
Return On Assets 11.3%
Ret/ On Assets - 3 Yr. Avg. 11.8%
Return On Total Capital 15.5%
Ret/ On T. Cap. - 3 Yr. Avg. 16.4%
Return On Equity 22.2%
Return On Equity - 3 Yr. Avg. 18.6%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 48.9%
Gross Margin - 3 Yr. Avg. 48.6%
EBITDA Margin 22.1%
EBITDA Margin - 3 Yr. Avg. 22.8%
Operating Margin 20%
Oper. Margin - 3 Yr. Avg. 20.3%
Pre-Tax Margin 19.2%
Pre-Tax Margin - 3 Yr. Avg. 20%
Net Profit Margin 14%
Net Profit Margin - 3 Yr. Avg. 14%
Effective Tax Rate 27.2%
Eff/ Tax Rate - 3 Yr. Avg. 30%
Payout Ratio 349.5%

FTV stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FTV stock intrinsic value calculation we used $6656 million for the last fiscal year's total revenue generated by Fortive. The default revenue input number comes from 0001 income statement of Fortive. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FTV stock valuation model: a) initial revenue growth rate of 13.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.7%, whose default value for FTV is calculated based on our internal credit rating of Fortive, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Fortive.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FTV stock the variable cost ratio is equal to 74.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $331 million in the base year in the intrinsic value calculation for FTV stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Fortive.

Corporate tax rate of 27% is the nominal tax rate for Fortive. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FTV stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FTV are equal to 51.2%.

Life of production assets of 35.5 years is the average useful life of capital assets used in Fortive operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FTV is equal to 5.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3790.3 million for Fortive - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 349.152 million for Fortive is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Fortive at the current share price and the inputted number of shares is $24.5 billion.

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COMPANY NEWS

▶ What Is Fortive Corporations (NYSE:FTV) Share Price Doing?   [Nov-21-18 10:38AM  Simply Wall St.]
▶ Fortive: 3Q Earnings Snapshot   [04:41PM  Associated Press]
▶ Fortive Reports Third Quarter 2018 Results   [04:17PM  Business Wire]
▶ A Look At The Fair Value Of Fortive Corporation (NYSE:FTV)   [Oct-18-18 10:18AM  Simply Wall St.]
▶ Mondays Vital Data: Apple, Micron and Transocean   [Sep-24-18 09:11AM  InvestorPlace]
▶ Everett-based Fortive buys another software company for $2 billion   [Aug-01-18 10:37AM  American City Business Journals]
▶ [$$] Fortive to Acquire Software Provider Accruent for About $2 Billion   [Jul-31-18 08:56AM  The Wall Street Journal]
▶ Fortive Reports Second Quarter 2018 Results   [Jul-26-18 04:17PM  Business Wire]
▶ Fortive offers $775 million to buy construction software company Gordian   [Jul-02-18 02:53PM  American City Business Journals]
▶ Is Fortive Corporations (NYSE:FTV) ROE Of 26.91% Sustainable?   [Jun-27-18 10:51AM  Simply Wall St.]
▶ TRANSACTION IN OWN SECURITIES   [Jun-22-18 10:19AM  GlobeNewswire]
▶ Fortive to Webcast Investor Day   [May-17-18 04:17PM  Business Wire]
▶ Fortive to Present at Electrical Products Group Conference   [May-14-18 04:17PM  Business Wire]
▶ Fortive Reports First Quarter 2018 Results   [Apr-26-18 04:17PM  Business Wire]
▶ Should You Buy Fortive (FTV) Ahead of Earnings?   [Apr-24-18 08:40AM  Zacks]
▶ Fortive Declares Regular Dividend   [Apr-12-18 04:17PM  Business Wire]
▶ This country is using robots to teach struggling school kids   [Mar-28-18 01:52PM  Yahoo Finance Video]

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