Capital World Investors Raises Holdings in Vontier Co. (NYSE:VNT)

Capital World Investors boosted its holdings in Vontier Co. (NYSE:VNT - Free Report) by 39.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,128,451 shares of the company's stock after purchasing an additional 318,775 shares during the quarter. Capital World Investors owned about 0.75% of Vontier worth $41,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Vontier during the 4th quarter worth $64,869,000. First Trust Advisors LP increased its position in shares of Vontier by 58.7% during the fourth quarter. First Trust Advisors LP now owns 743,649 shares of the company's stock worth $27,121,000 after purchasing an additional 274,997 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock worth $10,164,000 after buying an additional 272,166 shares during the period. Raymond James Financial Inc. purchased a new stake in Vontier in the 4th quarter valued at $9,363,000. Finally, Massachusetts Financial Services Co. MA grew its position in Vontier by 25.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,194,988 shares of the company's stock worth $43,581,000 after purchasing an additional 243,539 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Vontier Price Performance

VNT stock traded up $0.02 on Friday, reaching $31.31. 672,959 shares of the company's stock were exchanged, compared to its average volume of 880,971. The stock has a fifty day moving average of $32.94 and a 200-day moving average of $35.91. The firm has a market cap of $4.64 billion, a PE ratio of 11.39, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.73.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly 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. The business had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. As a group, equities analysts predict that Vontier Co. will post 3.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VNT. Barclays lowered their price target on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Finally, Citigroup lowered their price objective on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Vontier presently has an average rating of "Moderate Buy" and an average target price of $43.17.

About Vontier

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.