This instrument and software company is expected to grow at a rate of more than 12% annually over the next five years.
Fortive Corporation (FTV)
From DRIP Investor
A stock with interesting upside potential is Fortive Corporation (FTV). The company has been a publicly traded company only since 2016. The firm was a division of Danaher Corp. prior to being spun off in mid-2016. The firm designs, manufactures, and services precision instruments and software.
Fortive has been aggressively restructuring its businesses via acquisitions and divestitures. The firm recently made two sizable acquisitions, expanding its footprint in facilities maintenance
and management and physical resources management. At the same time, the firm is shedding its automation and specialty businesses.
I like companies that 1) fly under the radar; and 2) are not afraid to restructure operations. Fortive fits the bill on both accounts. The stock has broken out to the upside in the last month. The stock brings something a bit different to a DRIP portfolio and is worth a look from investors.
Charles A. Carlson, CFA, DRIP Investor, www.dripinvestor.com, 800-233-5922, October 2018