Avantax Advisory Services Inc. Buys New Shares in 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. acquired a new position in shares of Vontier Corporation (NYSE:VNT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,676 shares of the company's stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNT. Alliancebernstein L.P. raised its position in shares of Vontier by 5.4% in the 4th quarter. Alliancebernstein L.P. now owns 224,835 shares of the company's stock valued at $8,200,000 after buying an additional 11,468 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Vontier in the 4th quarter valued at approximately $1,104,000. Bank of Montreal Can raised its position in shares of Vontier by 22.4% in the 4th quarter. Bank of Montreal Can now owns 37,103 shares of the company's stock valued at $1,353,000 after buying an additional 6,783 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Vontier by 2.8% in the 4th quarter. Advisory Services Network LLC now owns 16,184 shares of the company's stock valued at $590,000 after buying an additional 439 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Vontier by 3.4% in the 4th quarter. Bessemer Group Inc. now owns 630,568 shares of the company's stock valued at $22,996,000 after buying an additional 20,604 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Trading Up 2.0%

VNT traded up $0.83 during trading on Wednesday, reaching $42.87. 244,237 shares of the company's stock were exchanged, compared to its average volume of 980,786. Vontier Corporation has a one year low of $27.22 and a one year high of $42.78. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $6.29 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. The firm has a fifty day moving average price of $38.14 and a two-hundred day moving average price of $35.80.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The firm had revenue of $773.50 million for the quarter, compared to analyst estimates of $734.23 million. During the same period in the previous year, the firm posted $0.63 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays restated an "overweight" rating on shares of Vontier in a research report on Monday, August 4th. UBS Group lifted their price target on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Vontier in a report on Thursday, July 31st. Robert W. Baird lifted their price target on shares of Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, Evercore ISI lifted their price target on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.