Elo Mutual Pension Insurance Co bought a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,932 shares of the company's stock, valued at approximately $399,000.
Other hedge funds also recently modified their holdings of the company. Bailard Inc. lifted its holdings in Vontier by 0.6% in the fourth quarter. Bailard Inc. now owns 61,207 shares of the company's stock valued at $2,232,000 after buying an additional 356 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Vontier by 9.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company's stock worth $154,000 after purchasing an additional 404 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after purchasing an additional 431 shares during the period. American Century Companies Inc. increased its holdings in Vontier by 1.1% in the fourth quarter. American Century Companies Inc. now owns 39,342 shares of the company's stock valued at $1,435,000 after purchasing an additional 447 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Vontier by 12.5% in the third quarter. National Bank of Canada FI now owns 4,345 shares of the company's stock valued at $147,000 after buying an additional 482 shares during the period. Institutional investors own 95.83% of the company's stock.
Analysts Set New Price Targets
VNT has been the subject of a number of recent analyst reports. 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 note on Tuesday, February 18th. Barclays cut their target price on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Citigroup decreased their price target on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a report on Monday, January 13th. Wolfe Research raised Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Finally, UBS Group began coverage on Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.50.
Read Our Latest Stock Report on VNT
Vontier Stock Down 8.3 %
Shares of Vontier stock traded down $2.78 during trading on Thursday, reaching $30.87. The stock had a trading volume of 570,327 shares, compared to its average volume of 845,338. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.23 and a beta of 1.26. The stock has a fifty day moving average price of $36.22 and a two-hundred day moving average price of $36.41. Vontier Co. has a 52 week low of $30.18 and a 52 week high of $45.34.
Vontier (NYSE:VNT - Get Free Report) last released 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 firm had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. Sell-side analysts predict that Vontier Co. will post 3.13 EPS for the current fiscal year.
Vontier Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Thursday, March 6th. Vontier's payout ratio is 3.64%.
About Vontier
(
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.
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