Vontier Corporation (NYSE:VNT) is looking for acquisitions. During the company?s conference presentation, Anshooman Aga, Chief Financial Officer said that ?So, our capital allocation philosophy is dynamic. And by that, I mean, we always go towards the highest return option for our shareholders.

And we compete, whether we're investing in internal projects, doing acquisitions with buybacks, and we're looking at return on invested capital?. ?But at the same time, we continue to look at acquisitions. We are very strategy-led in our acquisitions.

It has to add to our strategy. It -- we start off with the markets. We don't start off with the target.

We have to really get conviction around the submarket where we have to believe not only does it fit from our strategy. It's a good attractive growth profile. The profit pools are attractive, we have a right to win, and we can get to #1 or #2 spot in the market.

If all of those are in place, then we cultivate targets, and we're very patient because we also won the financial return in Invenco, which was a great acquisition. We cultivated for 2 years before we acquired them. So we're disciplined and we continue to develop our pipeline, which remains very robust?.