Burkehill Global Management LP Invests $9.86 Million in Vontier Corporation (NYSE:VNT)

Key Points

• Burkehill Global Management LP has acquired 300,000 shares of Vontier Corporation, totaling approximately $9.86 million, and now owns around 0.20% of the company.
• Numerous large investors have recently altered their stakes in Vontier, with significant purchases including Nuveen LLC's $67.74 million stake and Millennium Management LLC increasing their stake by 659.9%.
• According to recent analyst ratings, Vontier has a consensus rating of "Moderate Buy" with a target price of $47.14, indicating positive market sentiment towards its stock performance.

Burkehill Global Management LP purchased a new position in Vontier Corporation (NYSE:VNT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 300,000 shares of the company's stock, valued at approximately $9,855,000. Burkehill Global Management LP owned about 0.20% of Vontier as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VNT. Nuveen LLC purchased a new stake in Vontier during the first quarter valued at about $67,744,000. King Luther Capital Management Corp grew its position in Vontier by 1.6% during the first quarter. King Luther Capital Management Corp now owns 152,180 shares of the company's stock valued at $4,999,000 after acquiring an additional 2,364 shares during the period. Invesco Ltd. grew its position in Vontier by 2.9% during the first quarter. Invesco Ltd. now owns 1,452,537 shares of the company's stock valued at $47,716,000 after acquiring an additional 40,528 shares during the period. Deutsche Bank AG grew its position in Vontier by 4.7% during the first quarter. Deutsche Bank AG now owns 15,058 shares of the company's stock valued at $495,000 after acquiring an additional 679 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. grew its position in Vontier by 0.8% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company's stock valued at $1,218,000 after acquiring an additional 300 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Up 2.4%

NYSE VNT traded up $0.96 on Tuesday, hitting $41.33. 59,589 shares of the stock traded hands, compared to its average volume of 980,582. The stock has a 50-day moving average of $38.03 and a 200 day moving average of $35.76. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $42.00. The company has a market capitalization of $6.06 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.35 and a beta of 1.31. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32.

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

Analysts Set New Price Targets

VNT has been the subject of several analyst reports. Robert W. Baird upped their target price on Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. UBS Group upped their target price on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Vontier in a research report on Thursday, July 31st. Citigroup reaffirmed a "buy" rating and issued a $45.00 target price (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. Finally, Wall Street Zen raised Vontier from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.