Quest Partners LLC Acquires Shares of 47,160 Vontier Co. (NYSE:VNT)

Quest Partners LLC acquired a new stake in Vontier Co. (NYSE:VNT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 47,160 shares of the company's stock, valued at approximately $1,629,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Vontier by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company's stock valued at $509,477,000 after buying an additional 264,884 shares during the last quarter. FMR LLC boosted its position in Vontier by 25.8% during the third quarter. FMR LLC now owns 13,493,831 shares of the company's stock worth $417,229,000 after purchasing an additional 2,767,188 shares during the period. Mackenzie Financial Corp increased its stake in shares of Vontier by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,330,550 shares of the company's stock worth $80,521,000 after purchasing an additional 12,186 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Vontier by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company's stock valued at $79,086,000 after purchasing an additional 22,029 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Vontier by 3.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,258,246 shares of the company's stock valued at $69,825,000 after buying an additional 75,111 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Price Performance

Shares of VNT stock traded up $0.45 during trading on Monday, hitting $40.22. The company had a trading volume of 537,510 shares, compared to its average volume of 759,365. The stock's 50-day moving average is $42.02 and its two-hundred day moving average is $38.07. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.33. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. Vontier Co. has a 52 week low of $28.57 and a 52 week high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The firm had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts predict that Vontier Co. will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VNT shares. UBS Group boosted their target price on shares of Vontier from $42.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 16th. Argus increased their price objective on Vontier from $39.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Citigroup lifted their target price on Vontier from $45.00 to $51.00 and gave the company a "buy" rating in a report on Monday, April 8th. Evercore ISI increased their price target on shares of Vontier from $40.00 to $47.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Vontier from $37.00 to $41.00 and gave the company a "neutral" rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Vontier has an average rating of "Moderate Buy" and a consensus price target of $45.00.

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.