Russell Investments Group Ltd. Trims Stock Position in Vontier Corporation (NYSE:VNT)

Key Points

• Russell Investments Group Ltd. has reduced its stake in Vontier Corporation by 3.0%, owning approximately 1.05% of the company with a value of $50.9 million as of the latest filing.
• Vontier reported a quarterly earnings per share (EPS) of $0.79, exceeding analysts' estimates and showing an 11.1% year-over-year revenue increase to $773.5 million.
• Analysts have shown optimism about Vontier's stock, with multiple firms raising their price targets and assigning a consensus rating of "Moderate Buy" with an average price target of $47.14.

Russell Investments Group Ltd. lessened its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,550,321 shares of the company's stock after selling 48,263 shares during the quarter. Russell Investments Group Ltd. owned about 1.05% of Vontier worth $50,928,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VNT. Nuveen LLC purchased a new stake in shares of Vontier during the 1st quarter worth approximately $67,744,000. Millennium Management LLC lifted its position in shares of Vontier by 659.9% during the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company's stock worth $31,380,000 after buying an additional 747,196 shares during the last quarter. J. Goldman & Co LP purchased a new stake in shares of Vontier during the 4th quarter worth approximately $17,478,000. Capital World Investors lifted its position in shares of Vontier by 39.4% during the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company's stock worth $41,155,000 after buying an additional 318,775 shares during the last quarter. Finally, Burkehill Global Management LP purchased a new stake in shares of Vontier during the 1st quarter worth approximately $9,855,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Stock Up 2.7%

Shares of Vontier stock opened at $43.18 on Thursday. The company has a market cap of $6.33 billion, a P/E ratio of 16.42, a PEG 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 Corporation has a one year low of $27.22 and a one year high of $43.32. The firm has a fifty day moving average of $38.28 and a two-hundred day moving average of $35.85.

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, topping analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $773.50 million during the quarter, compared to the consensus estimate of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. Vontier's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. On average, analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VNT. UBS Group upped their price target on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI upped their price target on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Argus upgraded shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a research report on Tuesday, August 5th. Robert W. Baird upped their price target on shares of Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Finally, Citigroup reiterated a "buy" rating and issued a $45.00 price target (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. Two 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 company's stock. According to MarketBeat, Vontier has a consensus rating of "Moderate Buy" and an average price target of $47.14.

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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