Rathbones Group PLC Increases Holdings in Vontier Corporation (NYSE:VNT)

Key Points

• Rathbones Group PLC increased its holdings in Vontier Corporation by 2.4% in Q1, owning about 312,092 shares valued at $10.25 million.
• Vontier reported an EPS of $0.79 for the most recent quarter, exceeding analysts' expectations of $0.72, with revenues of $773.5 million, an 11.1% increase year-over-year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Vontier, with a target price of $47.14, following several rating upgrades by firms including Citigroup and Evercore ISI.

Rathbones Group PLC lifted its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,092 shares of the company's stock after acquiring an additional 7,326 shares during the quarter. Rathbones Group PLC owned 0.21% of Vontier worth $10,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VNT. Olde Wealth Management LLC purchased a new position in Vontier in the 1st quarter valued at about $36,000. Lazard Asset Management LLC acquired a new position in shares of Vontier during the 4th quarter worth approximately $73,000. GAMMA Investing LLC boosted its holdings in shares of Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after purchasing an additional 829 shares during the last quarter. Wealthquest Corp acquired a new position in Vontier in the first quarter valued at approximately $80,000. Finally, UMB Bank n.a. lifted its holdings in Vontier by 229.8% in the first quarter. UMB Bank n.a. now owns 2,704 shares of the company's stock valued at $89,000 after acquiring an additional 1,884 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VNT has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a "neutral" rating on shares of Vontier in a report on Thursday, July 31st. Argus upgraded Vontier from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research note on Tuesday, August 5th. Citigroup restated a "buy" rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. Evercore ISI raised 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. Finally, Wall Street Zen raised Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.14.

Vontier Price Performance

Shares of Vontier stock traded down $0.95 during trading on Friday, hitting $42.12. 969,644 shares of the company were exchanged, compared to its average volume of 991,140. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.32. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.44 and a beta of 1.31. The firm has a 50 day moving average price of $38.43 and a 200 day moving average price of $35.89.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 41.96% and a net margin of 12.99%. Vontier's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. On average, equities analysts expect that Vontier Corporation will post 3.13 earnings per share for the current fiscal 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.