Vontier Corporation (NYSE:VNT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,875,561 shares of the company's stock after selling 104,135 shares during the quarter. Vanguard Group Inc. owned about 11.41% of Vontier worth $554,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its stake in 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 acquired a new stake in Vontier in the 4th quarter valued at about $17,478,000. Capital World Investors grew its stake in 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. Point72 Asset Management L.P. grew its stake in 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. Finally, First Trust Advisors LP grew its stake in Vontier by 58.7% in the 4th quarter. First Trust Advisors LP now owns 743,649 shares of the company's stock valued at $27,121,000 after acquiring an additional 274,997 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VNT has been the topic of a number of research reports. UBS Group increased their price objective on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Vontier from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Evercore ISI increased their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Citigroup reissued a "buy" rating and issued a $45.00 price objective (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. Finally, Argus raised shares of 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. Two equities research 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 company. According to MarketBeat, Vontier presently has an average rating of "Moderate Buy" and a consensus target price of $47.14.

Vontier Price Performance

Vontier stock opened at $43.05 on Friday. The stock has a market capitalization of $6.32 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.44 and a beta of 1.31. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.32. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. The firm's 50-day moving average is $38.43 and its two-hundred day moving average is $35.89.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $773.50 million for the quarter, compared to analysts' expectations of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. Equities 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.

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