Vontier Corporation $VNT Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in shares of Vontier Corporation (NYSE:VNT) by 26.7% during the third quarter, Holdings Channel reports. The firm owned 221,265 shares of the company’s stock after acquiring an additional 46,600 shares during the quarter. Allianz Asset Management GmbH’s holdings in Vontier were worth $9,286,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp grew its position in shares of Vontier by 2,125.2% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 5,385 shares of the company’s stock valued at $226,000 after buying an additional 5,143 shares during the last quarter. State of Wyoming boosted its stake in Vontier by 234.6% in the third quarter. State of Wyoming now owns 4,414 shares of the company’s stock valued at $185,000 after acquiring an additional 3,095 shares during the period. Transcend Capital Advisors LLC grew its holdings in shares of Vontier by 7.7% during the third quarter. Transcend Capital Advisors LLC now owns 7,502 shares of the company’s stock valued at $315,000 after purchasing an additional 539 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Vontier by 711.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 329,038 shares of the company’s stock worth $13,810,000 after purchasing an additional 288,501 shares during the period. Finally, Keybank National Association OH raised its position in shares of Vontier by 214.1% during the 3rd quarter. Keybank National Association OH now owns 17,074 shares of the company’s stock worth $717,000 after purchasing an additional 11,638 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Price Performance

Shares of NYSE VNT opened at $42.18 on Monday. The stock has a market cap of $6.12 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.75 and a beta of 1.28. The firm’s 50-day simple moving average is $37.67 and its 200 day simple moving average is $39.56. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.88. The company has a quick ratio of 0.90, a current ratio of 1.18 and a debt-to-equity ratio of 1.29.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. KeyCorp reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Robert W. Baird reduced their price target on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Weiss Ratings lowered shares of Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, Barclays decreased their target price on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vontier currently has an average rating of “Moderate Buy” and a consensus price target of $45.63.

About Vontier

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.