US Bancorp DE Purchases 735 Shares of Vontier Corporation (NYSE:VNT)

US Bancorp DE increased its position in shares of Vontier Corporation (NYSE:VNT) by 4.1% during the 1st quarter, Holdings Channel reports. The firm owned 18,754 shares of the company’s stock after acquiring an additional 735 shares during the period. US Bancorp DE’s holdings in Vontier were worth $616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its stake in Vontier by 22.4% during the fourth quarter. Bank of Montreal Can now owns 37,103 shares of the company’s stock valued at $1,353,000 after acquiring an additional 6,783 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Vontier by 2.8% during the 4th quarter. Advisory Services Network LLC now owns 16,184 shares of the company’s stock valued at $590,000 after buying an additional 439 shares in the last quarter. Covestor Ltd lifted its holdings in Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company’s stock valued at $89,000 after buying an additional 976 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Vontier by 51.4% during the 4th quarter. Sterling Capital Management LLC now owns 8,911 shares of the company’s stock valued at $325,000 after buying an additional 3,024 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Vontier in the 4th quarter valued at about $368,000. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Vontier from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. 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 note on Monday, May 19th. Robert W. Baird upped their price objective on shares of Vontier from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Barclays reaffirmed an “overweight” rating on shares of Vontier in a report on Monday, August 4th. Finally, UBS Group increased their price target on shares of Vontier from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Vontier Stock Performance

NYSE:VNT opened at $40.35 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.80 and a current ratio of 1.08. The company has a fifty day moving average of $38.03 and a two-hundred day moving average of $35.76. The stock has a market capitalization of $5.92 billion, a PE ratio of 15.34, a P/E/G ratio of 1.35 and a beta of 1.31. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $42.00.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $773.50 million during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. As a group, research analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Company 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.