Let’s dig into the relative performance of AMETEK (NYSE: AME) and its peers as we unravel the now-completed Q4 internet of things earnings season.

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 satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 2.4% while next quarter’s revenue guidance was in line.

While some internet of things stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.5% since the latest earnings results.

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 $2.00 billion, up 13.4% year on year. This print exceeded analysts’ expectations by 2.6%. Overall, it was a satisfactory quarter for the company with an impressive beat of analysts’ revenue estimates but EPS guidance for next quarter slightly missing analysts’ expectations.

"AMETEK's fourth quarter and full year results were outstanding," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer.

AMETEK achieved the fastest revenue growth of the whole group. The results were likely priced in, however, and the stock is flat since reporting. It currently trades at $229.75.

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

Best Q4: 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 $969.8 million, down 1.4% year on year, outperforming analysts’ expectations by 2.3%. The business had a strong quarter with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.

Trimble pulled off the highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $66.40.

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

Slowest Q4: 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 $4.35 billion, up 4.1% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a significant miss of analysts’ EBITDA estimates and EPS guidance for next quarter missing analysts’ expectations.

Emerson Electric delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 2% since the results and currently trades at $149.02.

Read our full analysis of Emerson Electric’s results here.

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 $2.11 billion, up 11.9% year on year. This print topped analysts’ expectations by 1.4%. It was a strong quarter as it also put up a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.

Rockwell Automation had the weakest full-year guidance update among its peers. The stock is down 8.2% since reporting and currently trades at $394.39.

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

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 $808.5 million, up 4.1% year on year. This number surpassed analysts’ expectations by 5.7%. Overall, it was a strong quarter as it also recorded a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ revenue estimates.

Vontier scored the biggest analyst estimates beat among its peers. The stock is up 2.7% since reporting and currently trades at $41.79.

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

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