Vontier Corporation (NYSE:VNT) Stock Position Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in Vontier Corporation (NYSE:VNT) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,187 shares of the company’s stock after selling 1,203 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vontier were worth $827,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Olde Wealth Management LLC bought a new stake in Vontier in the 1st quarter valued at about $36,000. Lazard Asset Management LLC bought a new stake in Vontier in the 4th quarter valued at about $73,000. GAMMA Investing LLC lifted its position in Vontier by 60.1% in 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 bought a new stake in Vontier in the 1st quarter valued at about $80,000. Finally, Covestor Ltd lifted its position in Vontier by 66.8% in the 4th quarter. Covestor Ltd now owns 2,437 shares of the company’s stock valued at $89,000 after purchasing an additional 976 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VNT has been the topic of several recent research reports. Barclays reiterated an “overweight” rating on shares of Vontier in a research report on Monday, August 4th. UBS Group boosted their price target on shares of Vontier from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. 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 research report on Tuesday, August 5th. Robert W. Baird boosted their price target on shares of Vontier from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Citigroup restated a “buy” rating and set a $45.00 price target (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Vontier currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Vontier Stock Performance

Shares of VNT opened at $40.35 on Tuesday. 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. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $42.00.

Vontier (NYSE:VNT) last announced its quarterly earnings data 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 company 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 business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. Equities research analysts anticipate that Vontier Corporation will post 3.13 EPS for the current fiscal 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.