VNT - Vontier: Konect Has Potential To Increase Sales But I Prefer To Wait

2024-07-01 09:22:31 ET

Summary

• Vontier is a balanced company that has good fundamentals and operates in a sector that presents many opportunities for the future.
• Vontier has launched Konect via its subsidiary, Gilbarco Veeder-Root. This move allows it to enter the EV charging business.
• The company is interesting and certainly worth keeping an eye on, but the stock is currently priced fairly, and I would prefer to choose a better entry point.

Investment Thesis

Vontier Corp. ( VNT ) is a company comprised of three segments: 1) Mobility Technologies; 2) Repair Solutions; 3) Environmental & Fueling Solutions. Vontier is well-balanced, and all three segments generate positive results.

I believe that the Environmental & Fueling Solutions division holds the most growth potential for the future. Indeed, the company has recently released a new product called Konect , through which Vontier can enter the EV charging business....

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