Transcend Capital Advisors LLC Buys Shares of 5,747 Vontier Co. (NYSE:VNT)

Transcend Capital Advisors LLC purchased a new position in shares of Vontier Co. (NYSE:VNT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,747 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in Vontier in the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Vontier during the 1st quarter worth approximately $30,000. Riverview Trust Co acquired a new position in shares of Vontier during the 1st quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Vontier in the 4th quarter valued at approximately $35,000. Finally, ORG Partners LLC acquired a new stake in Vontier during the 1st quarter valued at $35,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Down 1.7 %

Shares of NYSE VNT traded down $0.57 during midday trading on Monday, hitting $32.45. The stock had a trading volume of 940,002 shares, compared to its average volume of 754,513. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. Vontier Co. has a 1-year low of $28.84 and a 1-year high of $45.62. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.05 and a beta of 1.29. The company has a fifty day moving average price of $38.88 and a 200 day moving average price of $40.01.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $746.43 million. During the same period last year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, analysts predict that Vontier Co. will post 2.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup increased their price objective on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Robert W. Baird lowered their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and a consensus target price of $44.63.

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.