Swiss National Bank Cuts Stock Position in Vontier Corporation (NYSE:VNT)

Swiss National Bank trimmed its holdings in shares of Vontier Corporation (NYSE:VNT) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 291,000 shares of the company’s stock after selling 10,400 shares during the period. Swiss National Bank owned approximately 0.20% of Vontier worth $9,559,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VNT. Olde Wealth Management LLC purchased a new stake in Vontier during the 1st quarter valued at $36,000. Lazard Asset Management LLC purchased a new stake in Vontier during the 4th quarter valued at $73,000. GAMMA Investing LLC boosted its stake in Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company’s stock valued at $73,000 after purchasing an additional 829 shares during the last quarter. Wealthquest Corp purchased a new position in shares of Vontier in the 1st quarter worth $80,000. Finally, UMB Bank n.a. boosted its stake in shares of Vontier by 229.8% in the 1st quarter. UMB Bank n.a. now owns 2,704 shares of the company’s stock worth $89,000 after buying an additional 1,884 shares during the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Price Performance

NYSE:VNT opened at $42.12 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The business’s 50-day simple moving average is $38.55 and its two-hundred day simple moving average is $35.92. The stock has a market cap of $6.18 billion, a PE ratio of 16.02, a P/E/G ratio of 1.43 and a beta of 1.31. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $43.32.

Vontier (NYSE:VNT) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. As a group, analysts forecast that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VNT has been the topic of a number of research reports. UBS Group raised their price target on Vontier from $47.00 to $50.00 and gave the stock a “buy” rating 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. Barclays restated an “overweight” rating on shares of Vontier in a research note on Monday, August 4th. Robert W. Baird raised their target price on Vontier from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Finally, Wall Street Zen raised Vontier from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.