California Public Employees Retirement System Has $9.47 Million Stock Position in Vontier Co. (NYSE:VNT)

California Public Employees Retirement System cut its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,581 shares of the company's stock after selling 19,102 shares during the period. California Public Employees Retirement System owned 0.17% of Vontier worth $9,467,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Global X Japan Co. Ltd. boosted its holdings in shares of Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after buying an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Vontier in the third quarter valued at $40,000. Farther Finance Advisors LLC grew its position in shares of Vontier by 44.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after acquiring an additional 700 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Vontier during the 4th quarter worth about $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Vontier during the 4th quarter worth about $99,000. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

NYSE:VNT traded up $0.19 during mid-day trading on Friday, hitting $29.92. 959,609 shares of the stock were exchanged, compared to its average volume of 863,766. The firm's 50-day simple moving average is $34.64 and its 200 day simple moving average is $36.15. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. Vontier Co. has a fifty-two week low of $27.22 and a fifty-two week high of $42.04. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

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Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping 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 company had revenue of $776.80 million during the quarter. As a group, equities analysts anticipate that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.33%. Vontier's dividend payout ratio is presently 3.64%.

Analysts Set New Price Targets

A number of brokerages have weighed in on VNT. Citigroup lowered 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. Robert W. Baird lifted their target price on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Thursday, December 12th. Finally, Barclays reduced their price objective on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Vontier presently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Vontier Company 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.