Avantax Advisory Services Inc. Purchases Shares of 8,676 Vontier Corporation (NYSE:VNT)

Key Points

• Avantax Advisory Services Inc. made a new investment in Vontier Corporation, purchasing 8,676 shares valued at approximately $285,000.
• Wall Street analysts are optimistic about Vontier, with eight analysts$47.14.
• Vontier recently reported a quarterly earnings per share of $0.79, exceeding estimates and showing an 11.1% revenue increase compared to the previous year.

Avantax Advisory Services Inc. purchased a new position in shares of Vontier Corporation (NYSE:VNT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,676 shares of the company's stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its position in shares of Vontier by 5.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company's stock valued at $121,208,000 after buying an additional 173,542 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Vontier by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company's stock worth $97,260,000 after buying an additional 75,775 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Vontier by 0.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company's stock worth $92,646,000 after buying an additional 20,649 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Vontier by 4.0% in the fourth quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company's stock valued at $91,740,000 after purchasing an additional 96,554 shares during the period. Finally, Royce & Associates LP increased its holdings in Vontier by 5.2% in the first quarter. Royce & Associates LP now owns 1,417,787 shares of the company's stock valued at $46,574,000 after purchasing an additional 70,528 shares during the period. Institutional investors own 95.83% of the company's stock.

Vontier Stock Performance

VNT traded up $1.60 on Tuesday, hitting $41.97. The company's stock had a trading volume of 578,278 shares, compared to its average volume of 982,695. The company's 50 day simple moving average is $38.03 and its 200-day simple moving average is $35.76. The firm has a market cap of $6.16 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.31. Vontier Corporation has a 12 month low of $27.22 and a 12 month high of $42.00. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $773.50 million during the quarter, compared to the consensus estimate of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. Vontier's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. Analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI upped their price target on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of Vontier from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Citigroup restated a "buy" rating and issued a $45.00 target price (up previously from $37.00) on shares of Vontier in a report on Monday, July 14th. UBS Group increased their price objective on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Barclays reiterated an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

Vontier Company Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.