Bought Fortive $FTV shares at $74.12 for 2% of the portfolio. | 🚀 Robin Rocket

Bought Fortive $FTV shares at $74.12 for 2% of the portfolio.

Fortive is an American industrial technology conglomerate. In 2016, Fortive controlled over 20 businesses in the sphere of field equipment, transportation, sensors, product sales, automation and franchise distribution.

In 2018 and 2019, Fortune named Fortive the Future 50 Company. In 2020, Fortune named Fortive one of the most respected companies in the world, along with other big tech companies such as Apple, Amazon, and Microsoft. In 2020, Fortive makes it onto the Fortune 500 for the third year in a row.

The company should catch up with competitors after positive revisions in the short term. Fortive has an attractive value compared to peers due to its higher growth rate of future free cash flow.

Target price: 85$
Stop-loss: 64,91$

Not an investment recommendation.