Nuveen LLC Invests $67.74 Million in Vontier Corporation (NYSE: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 position in shares of Vontier Corporation (NYSE:VNT - Free Report) during the first quarter, according to its most recent filing with the Securities and 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Olde Wealth Management LLC acquired a new stake in shares of Vontier during the 1st quarter worth approximately $36,000. Lazard Asset Management LLC bought a new position in Vontier in the 4th quarter worth approximately $73,000. GAMMA Investing LLC grew its holdings in Vontier by 60.1% in the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after buying an additional 829 shares in the last quarter. Wealthquest Corp bought a new position in Vontier in the 1st quarter worth approximately $80,000. Finally, Colonial Trust Co SC grew its holdings in Vontier by 34.4% in the 4th quarter. Colonial Trust Co SC now owns 2,688 shares of the company's stock worth $98,000 after buying an additional 688 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group increased their price objective on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Argus raised 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. Evercore ISI increased their price objective on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Barclays reissued an "overweight" rating on shares of Vontier in a report on Monday, August 4th. Finally, Robert W. Baird increased their price target on Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Two 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. Based on data from MarketBeat.com, Vontier has an average rating of "Moderate Buy" and an average target price of $47.14.

Vontier Price Performance

Shares of NYSE:VNT opened at $43.18 on Thursday. Vontier Corporation has a one year low of $27.22 and a one year high of $43.32. The stock has a fifty day moving average of $38.28 and a 200-day moving average of $35.85. The company has a market capitalization of $6.33 billion, a PE ratio of 16.42, 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 quick ratio of 0.80 and a current ratio of 1.08.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data 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 firm earned $0.63 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier 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.

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