Commerce Bank Cuts Stake in Vontier Co. (NYSE:VNT)

Commerce Bank reduced its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 47.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,490 shares of the company's stock after selling 15,484 shares during the quarter. Commerce Bank's holdings in Vontier were worth $638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Global X Japan Co. Ltd. lifted its stake in Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after purchasing an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Vontier during the 3rd quarter valued at $40,000. Farther Finance Advisors LLC grew its stake in shares of Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after acquiring an additional 700 shares during the period. Covestor Ltd increased its holdings in Vontier by 66.8% in the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after acquiring an additional 976 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Vontier in the 4th quarter valued at about $98,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VNT shares. Citigroup lowered their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lowered their target price on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Robert W. Baird raised their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.17.

Vontier Price Performance

Shares of Vontier stock traded up $0.02 during trading on Friday, hitting $31.31. The stock had a trading volume of 672,959 shares, compared to its average volume of 882,831. The business's 50-day moving average is $32.94 and its 200 day moving average is $35.92. Vontier Co. has a 12 month low of $27.22 and a 12 month high of $41.73. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company had revenue of $776.80 million for the quarter. As a group, sell-side analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current 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.