Nuveen LLC Takes Position in Vontier Corporation $VNT

Key Points

• Nuveen LLC invested approximately $67.74 million in Vontier Corporation by purchasing 2,062,225 shares, representing a 1.39% ownership stake as of the end of the most recent quarter.
• A number of equities analysts have raised their price targets for Vontier, with the average target price now at $47.14, reflecting a positive outlook on the stock.
• Vontier reported $0.79 EPS for the last quarter, exceeding analysts' expectations, and experienced an 11.1% increase in quarterly revenue year-over-year.

Nuveen LLC purchased a new stake in shares of Vontier Corporation (NYSE:VNT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,062,225 shares of the company's stock, valued at approximately $67,744,000. Nuveen LLC owned 1.39% of Vontier as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its position in Vontier by 4.5% during the first quarter. New York State Teachers Retirement System now owns 175,630 shares of the company's stock worth $5,769,000 after purchasing an additional 7,547 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Vontier during the first quarter valued at approximately $975,000. Sequoia Financial Advisors LLC grew its position in Vontier by 9.9% in the first quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock worth $2,823,000 after acquiring an additional 7,743 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Vontier by 23.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,142 shares of the company's stock valued at $990,000 after acquiring an additional 5,800 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Vontier by 5,158.4% during the first quarter. GAMMA Investing LLC now owns 72,566 shares of the company's stock valued at $2,209,000 after purchasing an additional 71,186 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Trading Up 0.8%

VNT traded up $0.35 during trading on Monday, hitting $42.46. 345,879 shares of the stock traded hands, compared to its average volume of 986,811. The firm has a 50-day moving average of $38.55 and a 200 day moving average of $35.88. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.32. The firm has a market capitalization of $6.23 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Barclays reaffirmed an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. Citigroup reissued a "buy" rating and set a $45.00 price target (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. Robert W. Baird upped their price objective on shares of Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Finally, Argus upgraded shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.14.

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.