After climbing to nearly $80 in November 2021, Fortive Corp. (NYSE:FTV) dipped below $60 this month. Shares of the former Danaher division have begun to recover alongside the market rally but still have good upside. Fortive is among a group of S&P 500 companies that has faced sharp adjustments to their price-to-earnings multiples due to rising interest rates. Trimble, Teledyne Technologies, and other scientific and technical instrument peers have seen similar valuation recalibrations since the start of the year. Q4 2021 hedge fund letters, conferences and more With Fortive now trading at a mor…