Fortive (FTV)

NYSEIndustrialsHardware, Equipment & PartsSnapshot 2026-10-15

$57.79+0.02%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Fortive’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.0%

+10% or more+5%0%−5%−10% or less

3.25 → 3.25 EPS · FY ending Dec 31, 2027 · 9 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 15, 2026 to Oct 15, 2026: (new ÷ prior − 1). Contributor count changed from 9 to 9; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

4 key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Manage debt and share buybacks prudently	A supporting condition in Fortive's published investment case. The stated target is Maintain stable debt levels and continue buybacks.	Intact	Debt rises sharply without offsetting cash flow or buybacks stop	Debt refinanced via $1.1B notes; buybacks active May 2026: $1.1B notes issued to refinance debt. No negative capital allocation signals. Context reviewed through Oct 15, 2026Last status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Enhance cash from operations to support financial stability	Cash from operations improved to $717 million in 2025-Q3.	Intact	cash from operations falls below $700 million in 2025-Q3	Cash from operations: $286.2M FY2026-Q2; GAAP. Published target: >=$700 million. The stored target says 2025-Q3; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Jul 29, 2026286,200,000 USD · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 3, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain EPS guidance of $2.90 to $3.00 for 2026	It aims for EPS near $3.00 in 2026.	Intact	EPS falls below $2.90 in FY26	Diluted EPS: $0.51 per share FY2026-Q2; GAAP. Published target: >=2.90 USD per share. Target period is not explicitly aligned with this observation. Source published Jul 29, 20260.51 USD/share · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 3, 2026 Source: company_financial_results. Reference: ef770d63-b418-4de9-9d3e-7f9301210af1. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Sustain revenue growth near recent 7.7% YoY	A primary condition in Fortive's published investment case. The stated target is >=4% YoY.	Intact	YoY revenue growth falls below 4% next year	Revenue growth: -27.79% FY2026-Q2; GAAP. Published target: >=4% YoY. Target period is not explicitly aligned with this observation. Source published Jul 29, 2026-27.785093 percent · calculatedSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 3, 2026 Source: company_financial_results. Reference: ef770d63-b418-4de9-9d3e-7f9301210af1. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$3.25

$3.22 → $3.25 · observed estimates

FY2027 revenue$4.54B

$4.51B → $4.54B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$3.22	$4,506,206,230	15 / 13
2026-07-25	$3.22	$4,506,206,230	15 / 13
2026-07-26	$3.22	$4,506,206,230	15 / 13
2026-07-27	$3.22	$4,505,265,981	9 / 10
2026-07-28	$3.22	$4,505,265,981	9 / 10
2026-07-29	$3.22	$4,506,206,230	15 / 13
2026-07-30	$3.22	$4,506,206,230	15 / 13
2026-07-31	$3.23	$4,524,397,690	14 / 11
2026-08-01	$3.24	$4,521,250,839	9 / 9
2026-08-02	$3.24	$4,532,430,830	15 / 14
2026-08-03	$3.24	$4,532,430,830	15 / 14
2026-08-04	$3.24	$4,531,112,567	9 / 10
2026-08-05	$3.24	$4,532,430,830	15 / 14
2026-08-06	$3.24	$4,532,430,830	15 / 14
2026-08-07	$3.24	$4,531,112,567	9 / 11
2026-08-08	$3.24	$4,532,430,830	15 / 14
2026-08-09	$3.24	$4,532,430,830	15 / 14
2026-08-10	$3.24	$4,532,430,830	15 / 14
2026-08-12	$3.25	$4,539,308,070	15 / 14
2026-08-13	$3.25	$4,539,308,070	15 / 14
2026-08-14	$3.24	$4,531,112,567	9 / 11
2026-08-15	$3.24	$4,531,112,567	9 / 11
2026-08-16	$3.24	$4,531,112,567	9 / 11
2026-08-17	$3.24	$4,531,112,567	9 / 11
2026-08-18	$3.24	$4,531,112,567	9 / 11
2026-08-19	$3.24	$4,531,112,567	9 / 11
2026-08-20	$3.25	$4,537,951,684	9 / 11
2026-08-21	$3.25	$4,537,951,684	9 / 11
2026-08-22	$3.25	$4,537,951,684	9 / 11
2026-08-23	$3.25	$4,537,951,684	9 / 11
2026-08-24	$3.25	$4,537,951,684	9 / 11
2026-08-25	$3.25	$4,537,958,826	9 / 11
2026-08-26	$3.25	$4,537,958,826	9 / 11
2026-08-27	$3.25	$4,537,958,826	9 / 11
2026-08-28	$3.25	$4,537,958,826	9 / 11
2026-08-29	$3.25	$4,537,958,826	9 / 11
2026-08-30	$3.25	$4,537,958,826	9 / 11
2026-08-31	$3.25	$4,537,958,826	9 / 11
2026-09-01	$3.25	$4,537,958,826	9 / 11
2026-09-02	$3.25	$4,537,958,826	9 / 11
2026-09-03	$3.25	$4,537,958,826	9 / 11
2026-09-04	$3.25	$4,537,958,826	9 / 11
2026-09-05	$3.25	$4,537,958,826	9 / 11
2026-09-06	$3.25	$4,537,958,826	9 / 11
2026-09-07	$3.25	$4,537,958,826	9 / 11
2026-09-08	$3.25	$4,537,958,826	9 / 11
2026-09-09	$3.25	$4,537,958,826	9 / 11
2026-09-10	$3.25	$4,537,958,826	9 / 11
2026-09-11	$3.25	$4,537,958,826	9 / 11
2026-09-12	$3.25	$4,537,958,826	9 / 11
2026-09-13	$3.25	$4,537,958,826	9 / 11
2026-09-14	$3.25	$4,537,958,826	9 / 11
2026-09-15	$3.25	$4,537,958,826	9 / 11
2026-09-16	$3.25	$4,538,601,684	9 / 11
2026-09-17	$3.25	$4,538,601,684	9 / 11
2026-09-18	$3.25	$4,538,601,684	9 / 11
2026-09-19	$3.25	$4,539,362,234	9 / 11
2026-09-20	$3.25	$4,539,362,234	9 / 11
2026-09-21	$3.25	$4,539,362,234	9 / 11
2026-09-22	$3.25	$4,539,362,234	9 / 11
2026-09-23	$3.25	$4,539,362,234	9 / 11
2026-09-24	$3.25	$4,539,362,234	9 / 11
2026-09-25	$3.25	$4,539,362,234	9 / 11
2026-09-26	$3.25	$4,539,362,234	9 / 11
2026-09-27	$3.25	$4,539,362,234	9 / 11
2026-09-28	$3.25	$4,539,362,234	9 / 11
2026-09-29	$3.25	$4,539,671,418	10 / 12
2026-09-30	$3.25	$4,539,671,418	10 / 12
2026-10-01	$3.25	$4,539,671,418	10 / 12
2026-10-02	$3.25	$4,539,671,418	10 / 12
2026-10-03	$3.25	$4,539,671,418	10 / 12
2026-10-04	$3.25	$4,539,671,418	10 / 12
2026-10-05	$3.25	$4,539,671,418	10 / 12
2026-10-06	$3.25	$4,539,671,418	10 / 12
2026-10-07	$3.25	$4,537,057,883	9 / 12
2026-10-08	$3.25	$4,537,057,883	9 / 12
2026-10-09	$3.25	$4,537,080,270	9 / 11
2026-10-10	$3.25	$4,538,872,125	9 / 12
2026-10-11	$3.25	$4,538,872,125	9 / 12
2026-10-12	$3.25	$4,538,872,125	9 / 12
2026-10-13	$3.25	$4,538,872,125	9 / 12
2026-10-14	$3.25	$4,538,872,125	9 / 12
2026-10-15	$3.25	$4,537,152,125	9 / 12

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	4	12	2
2026-06-01	4	11	2
2026-07-01	4	9	2
2026-08-01	4	9	2
2026-09-01	4	10	2
2026-10-01	4	10	2

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 10 Hold · 2 Sell / Strong Sell

0 upgrades0 downgrades3 maintains

Recent actions · Sep 16–Oct 15 · 3 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Truist FinancialOct 5 · prior Jul 2

$67.00 → $63.00-6.0%

$0$36.85$73.70

0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Enhance cash from operations to support financial stabilityCash from operations: $286.2M
Maintain EPS guidance of $2.90 to $3.00 for 2026Diluted EPS: $0.51 per share
Sustain revenue growth near recent 7.7% YoYRevenue growth: -27.79%

Next proof point

Oct 28, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.1%Typical daily move · historical

Downside history

-14.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Fortive outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This is a durable compounder with a focus on profitable growth. The current thesis state reflects strong recent financial performance but is tempered by sector headwinds.

What's priced into Fortive

The market seems to have a neutral valuation stance on FTV, pricing it as cheap compared to peers. There is a slight expectations gap, indicating that the market may be anticipating modest performance.

What the fundamentals likely do

Management is on track with its priorities, showing strong core revenue growth and raising earnings guidance. However, there is a moderate risk due to the potential for sector weakness affecting overall performance.

What Fortive hinges on

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 would significantly impact credibility and market perception.