SG Americas Securities LLC Has $1.14 Million Holdings in Vontier Co. (NYSE:VNT)

SG Americas Securities LLC lifted its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 651.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,895 shares of the company's stock after purchasing an additional 25,919 shares during the period. SG Americas Securities LLC's holdings in Vontier were worth $1,142,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Vontier in the 4th quarter worth approximately $60,612,000. Confluence Investment Management LLC acquired a new position in Vontier in the first quarter worth $27,770,000. LSV Asset Management increased its stake in Vontier by 53.7% during the fourth quarter. LSV Asset Management now owns 1,492,310 shares of the company's stock valued at $51,559,000 after purchasing an additional 521,310 shares during the last quarter. Eldred Rock Partners LLC acquired a new stake in shares of Vontier during the second quarter worth $14,613,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Vontier by 24.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company's stock worth $76,898,000 after buying an additional 329,191 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Barclays lowered their target price on Vontier from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $45.13.

Vontier Stock Performance

Shares of VNT traded down $0.31 during mid-day trading on Friday, reaching $34.16. 1,145,008 shares of the company's stock traded hands, compared to its average volume of 770,943. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The business's 50-day moving average price is $37.67 and its 200-day moving average price is $39.86. The stock has a market capitalization of $5.27 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29. Vontier Co. has a 12 month low of $28.84 and a 12 month high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. During the same period in the previous year, the firm earned $0.67 EPS. The firm's revenue was down 8.9% on a year-over-year basis. Equities analysts predict that Vontier Co. will post 2.88 earnings per share for the current year.

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.