Vontier Corporation $VNT Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in shares of Vontier Corporation (NYSE:VNT) by 26.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,265 shares of the company’s stock after acquiring an additional 46,600 shares during the quarter. Allianz Asset Management GmbH owned about 0.15% of Vontier worth $9,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VNT. Quent Capital LLC acquired a new position in shares of Vontier during the third quarter worth about $37,000. Parkside Financial Bank & Trust raised its holdings in shares of Vontier by 39.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after buying an additional 273 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Vontier during the 2nd quarter worth approximately $53,000. Steward Partners Investment Advisory LLC boosted its holdings in Vontier by 29.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock worth $56,000 after acquiring an additional 338 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Vontier by 22.5% in the third quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock valued at $78,000 after acquiring an additional 340 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Vontier Stock Performance

Shares of VNT stock opened at $42.18 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 1.18. Vontier Corporation has a one year low of $27.22 and a one year high of $43.88. The company’s 50-day simple moving average is $37.67 and its 200-day simple moving average is $39.56. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.75 and a beta of 1.28.

Vontier Company Profile

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.