Initiating Coverage of Fortive With $86 Fair Value Estimate, Narrow Moat, and Exemplary Stewardship
We launch coverage of diversified industrial Fortive with a narrow moat, stable moat trend, Exemplary stewardship, and an $86 fair value estimate. The stock is currently in 3-star territory, trading roughly 10% below our fair value estimate.Fortive was spun off from Danaher in 2016. The firm’s business model, Fortive Business System (FBS), is an extension of the successful Danaher Business System and is rooted in the continuous improvement philosophy. Fortive’s strategy involves acquiring moat-...
Fortive designs, develops, services, manufactures and markets professional and engineered products, software and services. The company's segments are: Professional Instrumentation, which provides products, software and services, used to create actionable intelligence by measuring and monitoring physical parameters in industrial applications, including electrical current, radio frequency signals, distance, pressure, temperature, turbidity, radiation, and hazardous gases, and used to provide critical sterilization and disinfection solutions; and Industrial Technologies, which provides critical technical equipment, components, software and services for manufacturing, repair and transportation markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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