Allspring Global Investments Holdings LLC Acquires 272,166 Shares of Vontier Co. (NYSE:VNT)

Allspring Global Investments Holdings LLC lifted its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 2,814.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,836 shares of the company's stock after purchasing an additional 272,166 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.19% of Vontier worth $10,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VNT. River Road Asset Management LLC raised its position in shares of Vontier by 21.4% during the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock worth $79,510,000 after purchasing an additional 415,750 shares during the period. Retirement Systems of Alabama raised its position in shares of Vontier by 42.1% during the fourth quarter. Retirement Systems of Alabama now owns 705,740 shares of the company's stock worth $25,738,000 after purchasing an additional 209,227 shares during the period. Jane Street Group LLC raised its position in shares of Vontier by 398.4% during the third quarter. Jane Street Group LLC now owns 191,285 shares of the company's stock worth $6,454,000 after purchasing an additional 152,904 shares during the period. Verition Fund Management LLC raised its position in Vontier by 1,414.9% during the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company's stock valued at $5,394,000 after buying an additional 149,312 shares during the period. Finally, Janus Henderson Group PLC raised its position in Vontier by 11.2% during the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company's stock valued at $44,246,000 after buying an additional 132,312 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VNT shares. Barclays upped their price target on Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Citigroup dropped their price target on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Wolfe Research raised Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. UBS Group started coverage on Vontier in a research report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price target on the stock. Finally, Robert W. Baird upped their price target on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.43.

Vontier Stock Down 2.2 %

NYSE VNT traded down $0.87 on Friday, reaching $37.76. The stock had a trading volume of 1,645,229 shares, compared to its average volume of 769,413. The business has a 50 day moving average price of $37.71 and a 200 day moving average price of $36.24. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 1.28 and a beta of 1.26.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million for the quarter. On average, analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier's dividend payout ratio (DPR) is presently 3.64%.

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.