Thrivent Financial for Lutherans Acquires 288,501 Shares of Vontier Corporation $VNT

Thrivent Financial for Lutherans raised its holdings in Vontier Corporation (NYSE:VNT) by 711.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 329,038 shares of the company’s stock after purchasing an additional 288,501 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.22% of Vontier worth $13,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VNT. Corient Private Wealth LLC increased its stake in shares of Vontier by 104.6% in the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after buying an additional 2,450,723 shares in the last quarter. Norges Bank bought a new stake in Vontier during the 2nd quarter worth about $66,535,000. Franklin Resources Inc. increased its position in Vontier by 81.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,824,376 shares of the company’s stock valued at $104,219,000 after acquiring an additional 1,269,063 shares in the last quarter. Ceredex Value Advisors LLC raised its stake in shares of Vontier by 195.2% in the second quarter. Ceredex Value Advisors LLC now owns 1,023,750 shares of the company’s stock worth $37,776,000 after acquiring an additional 677,000 shares during the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of Vontier by 24.5% in the second quarter. River Road Asset Management LLC now owns 3,115,850 shares of the company’s stock worth $114,975,000 after acquiring an additional 613,746 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VNT. Robert W. Baird decreased their price target on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vontier in a research report on Monday, December 29th. Wall Street Zen cut Vontier from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays dropped their target price on Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Finally, Bank of America reiterated an “underperform” rating and issued a $40.00 price target (down previously from $50.00) on shares of Vontier in a report on Friday, November 14th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.63.

Vontier Trading Up 3.6%

NYSE:VNT opened at $40.18 on Thursday. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.61 and a beta of 1.28. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $43.88. The business’s 50-day moving average price is $37.47 and its two-hundred day moving average price is $39.53. The company has a current ratio of 1.18, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29.

Vontier 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.