This global business beat analysts’ estimates by three cents last quarter. Wall Street is raising its forecasts, with 16 analysts boosting EPS estimates this year, and 13 for next year.
Fortive (FTV)
From The Complete Investor
Fortive (FTV) is a company spun off from Danaher (DHR). It develops professional instrumentation and software critical to the construction and transportation industries and thus could play an important role in infrastructure buildouts.
Also noteworthy is its wide range of tools that help companies monitor and troubleshoot problems on their electric utility assets. With customers in Europe, North America, South American, Asia, and Australia, Fortive is a leading global supplier of digital fault recorders that help power companies monitor voltage distribution over power networks, thus enabling them to pinpoint problems and reduce power outages.
Through its infrastructure-related products and services, Fortive can enhance a nation’s productivity. While we would like the company to enhance our nation’s productivity through a successfully-funded and implemented infrastructure plan, its global reach allows Fortive to be profitable come what may with Trump’s plans.
Stephen Leeb, PhD. And Genia Turanova, The Complete Investor, www.completeinvestor.com, 866-833-2070, May 2017