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Internet of Things Stocks Q4 Recap: Benchmarking Vontier (NYSE:VNT)

VNT Cover Image

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at internet of things stocks, starting with Vontier (NYSE: VNT).

Industrial Internet of Things (IoT) companies are buoyed by the secular trend of a more connected world. They often specialize in nascent areas such as hardware and services for factory automation, fleet tracking, or smart home technologies. Those who play their cards right can generate recurring subscription revenues by providing cloud-based software services, boosting their margins. On the other hand, if the technologies these companies have invested in don’t pan out, they may have to make costly pivots.

The 5 internet of things stocks we track reported a mixed Q4. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 1% below.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Vontier (NYSE: VNT)

A spin-off of a spin-off, Vontier (NYSE: VNT) provides electronic products and systems to the transportation, automotive, and manufacturing sectors.

Vontier reported revenues of $776.8 million, down 1.5% year on year. This print exceeded analysts’ expectations by 1.5%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ adjusted operating income estimates but full-year EPS guidance missing analysts’ expectations.

Vontier Total Revenue

Vontier delivered the weakest full-year guidance update of the whole group. The stock is down 1.2% since reporting and currently trades at $37.23.

Is now the time to buy Vontier? Access our full analysis of the earnings results here, it’s free.

Best Q4: Rockwell Automation (NYSE: ROK)

One of the first companies to address industrial automation, Rockwell Automation (NYSE: ROK) sells products that help customers extract more efficiency from their machinery.

Rockwell Automation reported revenues of $1.88 billion, down 8.3% year on year, falling short of analysts’ expectations by 0.6%. However, the business still had a strong quarter with an impressive beat of analysts’ EBITDA estimates.

Rockwell Automation Total Revenue

The market seems happy with the results as the stock is up 5.6% since reporting. It currently trades at $283.12.

Is now the time to buy Rockwell Automation? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: AMETEK (NYSE: AME)

Started from its humble beginnings in motor repair, AMETEK (NYSE: AME) manufactures electronic devices used in industries like aerospace, power, and healthcare.

AMETEK reported revenues of $1.76 billion, up 1.8% year on year, falling short of analysts’ expectations by 3.6%. It was a softer quarter as it posted a miss of analysts’ organic revenue estimates and full-year EPS guidance missing analysts’ expectations.

AMETEK delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 3.1% since the results and currently trades at $190.

Read our full analysis of AMETEK’s results here.

Trimble (NASDAQ: TRMB)

Playing a role in the construction of the Paris Grand, Trimble (NASDAQ: TRMB) offers geospatial devices and technology to the agriculture, construction, transportation, and logistics industries.

Trimble reported revenues of $983.4 million, up 5.5% year on year. This result beat analysts’ expectations by 4.2%. More broadly, it was a satisfactory quarter as it also recorded a decent beat of analysts’ adjusted operating income estimates but EPS guidance for next quarter missing analysts’ expectations.

Trimble pulled off the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. The stock is down 5.7% since reporting and currently trades at $70.83.

Read our full, actionable report on Trimble here, it’s free.

Emerson Electric (NYSE: EMR)

Founded in 1890, Emerson Electric (NYSE: EMR) is a multinational technology and engineering company providing solutions in the industrial, commercial, and residential markets.

Emerson Electric reported revenues of $4.18 billion, up 1.4% year on year. This print lagged analysts' expectations by 1.1%. Taking a step back, it was a mixed quarter as it also logged a solid beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations.

The stock is down 6.1% since reporting and currently trades at $120.

Read our full, actionable report on Emerson Electric here, it’s free.


Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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