Putnam Investments LLC Increases Stake in Vontier Corp After Positive First-Quarter Earnings Report
June 16, 2023
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Vontier Corporation ($NYSE:VNT) is a leading materials and energy technology company that designs, manufactures, and distributes products and services for a variety of industries. Putnam Investments LLC, a global institutional investor, recently increased its stake in Vontier Corporation by 2.5% after the company’s positive first-quarter earnings report. The report revealed that the company had achieved a steady increase in revenue and profit margins, despite the challenging economic climate. This decision from Putnam Investments signals the investor’s confidence in the company’s ability to maintain its growth trajectory in the future. The company has made significant investments into new technologies and research initiatives, which have enabled it to develop innovative products and services.
Moreover, Vontier has consistently worked to strengthen its customer base, resulting in a loyal customer base and increased brand recognition worldwide. Overall, Vontier Corporation’s positive financial performance and Putnam Investment’s decision to increase its stake in the company are both evidence of the company’s growing success. With its consistent growth trajectory and increasing investor confidence, it appears Vontier Corporation is well-positioned for continued success in the near future.
Earnings
In the report released as of March 31, 2021, VONTIER CORPORATION earned 707.4M USD in total revenue and 91.0M USD in net income. Whilst this marks a 5.4% decrease in total revenue compared to the same time last year, it is important to note that total revenue has increased from 707.4M USD to 776.4M USD in the past three years. On top of this, there was a 63.6% decrease in net income compared to the previous year. It is clear that Putnam Investments LLC has been encouraged by these figures and has increased its stake in VONTIER CORPORATION accordingly.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vontier Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.21k | 233.9 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vontier Corporation. More…
| Operations | Investing | Financing |
| 360.9 | -117.5 | -171.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vontier Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.28k | 3.64k | 4.09 |
Key Ratios Snapshot
Some of the financial key ratios for Vontier Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.7% | 0.9% | 12.4% |
| FCF Margin | ROE | ROA |
| 9.3% | 41.2% | 5.8% |
Price History
The stock opened at $31.3 and closed at $31.8, representing a 1.2% increase from the previous closing price of $31.4. This move is indicative of the confidence investors have in VONTIER CORPORATION‘s potential as the company continues to grow and outperform its peers. Analysts are expecting the stock to continue to perform well in the upcoming quarters, spurred by the company’s increasing market share and strong fundamentals. Live Quote…
Analysis
At GoodWhale, we have conducted a thorough analysis of VONTIER CORPORATION‘s fundamentals. We have determined that, overall, this is a high risk investment in terms of financial and business aspects. Specifically, we have detected three risk warnings within the income sheet, balance sheet, and cashflow statement. If you would like to view our findings in detail, you must become a registered user. More…
Peers
The company’s products are used in the manufacture of semiconductor chips, flat panel displays, solar cells, and other electronic devices. Vontier’s competitors include Circuit Fabology Microelectronics Equipment Co Ltd, CyberOptics Corp, and Nireco Corp.
– Circuit Fabology Microelectronics Equipment Co Ltd ($SHSE:688630)
As of 2022, Circuit Fabology Microelectronics Equipment Co Ltd has a market cap of 8.44B and a ROE of 8.6%. The company is engaged in the design, manufacture and sale of semiconductor equipment.
– CyberOptics Corp ($NASDAQ:CYBE)
CyberOptics Corporation is a global leader in high-precision sensing technology solutions that enable next-generation advanced factory automation and 3D metrology. The Company’s solutions are used in a wide range of industries such as semiconductor, electronics assembly, advanced packaging, automotive, aerospace, defense, medical, consumer and 3D printing. Headquartered in Minneapolis, Minnesota, CyberOptics operates in 14 countries.
– Nireco Corp ($TSE:6863)
Nireco Corporation is a Japanese company that manufactures and sells machinery and equipment for the semiconductor and electronics industries. It has a market cap of 6.94B as of 2022 and a return on equity of 3.27%. The company was founded in 1966 and is headquartered in Tokyo, Japan.
Summary
Vontier Corporation‘s first-quarter earnings report has been met with positive investor sentiment, leading Putnam Investments LLC to increase its stake in the company by 2.5%. Analysts are bullish on the stock, citing Vontier’s strong balance sheet, competitive positioning within its industry, and its recent expansion into new markets. The stock is expected to outperform the broader market over the long term. Investors may find the current price attractive, at a discount to its intrinsic value, and should consider Vontier Corporation as a long-term investment.
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