Burkehill Global Management LP Purchases New Position 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 bought a new stake in Vontier Corporation (NYSE:VNT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 300,000 shares of the company's stock, valued at approximately $9,855,000. Burkehill Global Management LP owned about 0.20% of Vontier at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in Vontier during the first quarter worth $67,744,000. Millennium Management LLC lifted its stake in shares of Vontier by 659.9% in the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company's stock valued at $31,380,000 after acquiring an additional 747,196 shares during the last quarter. J. Goldman & Co LP bought a new position in shares of Vontier in the 4th quarter valued at $17,478,000. Capital World Investors lifted its stake in shares of Vontier by 39.4% in the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company's stock valued at $41,155,000 after acquiring an additional 318,775 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Vontier by 821.7% in the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company's stock valued at $11,731,000 after acquiring an additional 286,774 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VNT. UBS Group increased their price target on Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Evercore ISI increased their price target on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Barclays reiterated an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. Wall Street Zen upgraded Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Argus upgraded Vontier from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a report on Tuesday, August 5th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Vontier presently has an average rating of "Moderate Buy" and a consensus price target of $47.14.

Vontier Trading Down 0.3%

Vontier stock traded down $0.13 during trading hours on Thursday, reaching $43.05. 1,149,224 shares of the company's stock were exchanged, compared to its average volume of 1,231,734. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The firm's 50 day simple moving average is $38.43 and its 200 day simple moving average is $35.89. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $43.32. The firm has a market capitalization of $6.32 billion, a PE ratio of 16.37, a PEG ratio of 1.44 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) 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 company 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 earned $0.63 EPS. The business's revenue was up 11.1% on a year-over-year basis. Research analysts predict that Vontier Corporation will post 3.13 earnings per share for the current year.

About Vontier

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.