Fortive (FTV) hasn't wasted time showing investors that it fully intends to follow the model and map left by Danaher (DHR).
In addition to driving continuous internal improvement, Fortive has
started putting shareholder capital to work in M&A – deploying more
than $1.5 billion so far this year. Although the deals have been a
little pricey, particularly the most recent acquisition, the businesses
seem to very much fit in with the vision management has outlined for the
company.
These shares have been quite strong year
to date and over the last year, so I can't say that the Street is asleep
on this name anymore. The appreciation potential in the shares is no
longer in that sweet spot I'd like for a new investment, but quality
doesn't often come cheap, and I'd note that Danaher did well for
investors for a long time despite elevated valuations.
Read more here:
Fortive Exceeding Expectations And Deploying Capital Into M&A
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