Thrivent Financial for Lutherans Has $13.81 Million Stock Position in Vontier Corporation $VNT

Thrivent Financial for Lutherans increased its holdings in shares of Vontier Corporation (NYSE:VNT) by 711.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 329,038 shares of the company’s stock after acquiring an additional 288,501 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vontier were worth $13,810,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VNT. Lazard Asset Management LLC raised its holdings in Vontier by 7.7% during the 2nd quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock worth $129,000 after buying an additional 253 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Vontier by 0.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 38,681 shares of the company’s stock worth $1,629,000 after purchasing an additional 268 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Vontier by 39.0% in the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Vontier by 15.4% during the third quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock worth $94,000 after buying an additional 299 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Vontier by 5.8% in the 3rd quarter. Blue Trust Inc. now owns 5,702 shares of the company’s stock valued at $239,000 after buying an additional 315 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Vontier Trading Up 3.6%

Shares of Vontier stock opened at $40.18 on Thursday. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $43.88. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.61 and a beta of 1.28. The business has a fifty day simple moving average of $37.47 and a two-hundred day simple moving average of $39.53. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90.

About Vontier

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.