Corebridge Financial Inc. lessened its stake in Vontier Co. (NYSE:VNT - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,953 shares of the company's stock after selling 11,810 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Vontier worth $6,198,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock worth $10,164,000 after purchasing an additional 272,166 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Vontier during the fourth quarter worth about $9,363,000. Retirement Systems of Alabama grew its holdings 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 buying an additional 209,227 shares in the last quarter. Jane Street Group LLC raised its position in Vontier by 398.4% in the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company's stock valued at $6,454,000 after buying an additional 152,904 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in Vontier by 1,414.9% in the 3rd 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 last quarter. Institutional investors own 95.83% of the company's stock.
Vontier Stock Performance
VNT traded down $3.24 on Thursday, reaching $30.42. The company had a trading volume of 1,202,851 shares, compared to its average volume of 846,289. The stock has a market cap of $4.52 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier Co. has a fifty-two week low of $30.17 and a fifty-two week high of $44.25. The company's fifty day moving average is $36.06 and its 200 day moving average is $36.37.
Vontier (NYSE:VNT - Get Free Report) last announced 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. The company had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. As a group, analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.
Vontier Announces Dividend
The company 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. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 6th. Vontier's dividend payout ratio is currently 3.64%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Barclays cut their price objective on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a report on Thursday, December 12th. Citigroup reduced their price target on Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday, January 13th. UBS Group assumed coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 target price for the company. Finally, Robert W. Baird lifted their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vontier currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.
Get Our Latest Report on Vontier
Vontier Profile
(
Free Report)
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.
Featured Articles
Before you consider Vontier, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vontier wasn't on the list.
While Vontier currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
