Chart Of The Day: Vontier - Great Instruments

red and blue light streaks

Photo by Maxim Hopman on Unsplash
 

The Chart of the Day belongs to the scientific and technical instrument company Vontier (VNT). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 3/29 the stock gained 14.31%.

(Click on image to enlarge)

VNT Price vs Daily Moving Averages

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility ecosystem worldwide. The company offers a range of solutions, including environmental sensors; fueling equipment; field payment hardware; point-of-sale, workflow, and monitoring software; vehicle tracking and fleet management; software solutions for traffic light control; and vehicle mechanics', and technicians' equipment. It operates through two segments: Mobility Technologies, and Diagnostics and Repair Technologies. The Mobility Technologies segment products include solutions and services in the areas of environmental compliance, fuel dispensing, remote fuel management, point-of-sale and payment systems, vehicle tracking and fleet management, and traffic management products marketed under the Gilbarco, Veeder-Root, Orpak, DRB, Teletrac Navman, and Global Traffic Technologies brands. The Diagnostics and Repair Technologies segment products comprise vehicle repair tools, tool boxes, automotive diagnostic equipment, and software, as well as wheel-service equipment for automotive tire installation and repair shops, including brake lathes, tire changers, wheel balancers, wheel aligners, lifts, and inspection lane systems under the Matco and Coats brands. The company markets its products and services to retail and commercial fueling operators, convenience store and in-bay car wash operators, tunnel car wash and commercial vehicle repair businesses, municipal governments, public safety entities, and fleet owners/operators through a network of franchised mobile distributors, as well as direct sales personnel and independent distributors. It serves customers in North America, the Asia Pacific, Europe, and Latin America. The company was incorporated in 2019 and is headquartered in Raleigh, North Carolina.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 28.30+Weighted Alpha
  • 9.96% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 13 new highs and up 13.71% in the last month
  • Relative Strength Index 72.79%
  • The technical support level at $29.51
  • Recently traded at $30.03 with a 50-day moving average of $27.30
     

Fundamental Factors:

  • Market Cap $4.67 billion
  • P/E 9.51
  • Dividend yield .33%
  • Revenue is projected to grow by 3.30% next year
  • Earnings are estimated to increase by 10.80% next year and continue to compound at an annual rate of 5.20% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts gave 5 strong buy, 2 buy, 6 hold, and 1 sell opinions on the stock
  • Analysts price targets are between $24 and $34
  • Value Line give it its above-average rating of 2
  • CFRAs MarketScope gives it a hold rating
  • 2,170 investors monitor the stock on Seeking Alpha

More By This Author:

Chart Of The Day: PTC Therapeutics
Chart Of The Day: Cardinal Health - The Right Prescription
Chart Of The Day: CorVel - Under Followed Buy

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.