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

US Bancorp DE grew its position in shares of Vontier Corporation (NYSE:VNT) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VNT. Olde Wealth Management LLC bought a new position in Vontier in the first quarter worth about $36,000. Lazard Asset Management LLC bought a new position in Vontier in the fourth quarter worth about $73,000. GAMMA Investing LLC raised its stake in Vontier by 60.1% in the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company’s stock worth $73,000 after buying an additional 829 shares in the last quarter. Wealthquest Corp bought a new position in Vontier in the first quarter worth about $80,000. Finally, Covestor Ltd grew its holdings in Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company’s stock worth $89,000 after purchasing an additional 976 shares during the period. 95.83% of the stock is owned by institutional investors.

Vontier Trading Down 0.5%

Shares of VNT stock opened at $40.35 on Tuesday. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $42.00. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. The firm’s 50 day moving average is $38.03 and its 200 day moving average is $35.76. The stock has a market capitalization of $5.92 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.35 and a beta of 1.31.

Vontier (NYSE:VNT) last issued 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. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The company had revenue of $773.50 million for the quarter, compared to analysts’ expectations of $734.23 million. During the same quarter last year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts expect that Vontier Corporation will post 3.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VNT shares. Robert W. Baird upped their price objective on shares of Vontier from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of Vontier from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Barclays reiterated an “overweight” rating on shares of Vontier in a report on Monday, August 4th. Argus upgraded shares of Vontier from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Vontier in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

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.