Norges Bank purchased a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,778,708 shares of the company's stock, valued at approximately $64,869,000. Norges Bank owned about 1.18% of Vontier at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in VNT. Elo Mutual Pension Insurance Co bought a new position in shares of Vontier during the 4th quarter valued at approximately $399,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in Vontier by 147.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,369 shares of the company's stock valued at $378,000 after purchasing an additional 6,177 shares in the last quarter. Heron Bay Capital Management raised its stake in Vontier by 0.7% during the fourth quarter. Heron Bay Capital Management now owns 750,908 shares of the company's stock valued at $27,386,000 after purchasing an additional 5,426 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Vontier during the fourth quarter valued at $730,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Vontier in the fourth quarter worth about $1,145,000. Hedge funds and other institutional investors own 95.83% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Barclays decreased their price objective on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup decreased their price target on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target for the company in a research report on Thursday, December 12th. Robert W. Baird boosted 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. Finally, UBS Group started coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.50.
Read Our Latest Research Report on Vontier
Vontier Trading Down 1.4 %
VNT stock traded down $0.40 during midday trading on Tuesday, reaching $28.02. The company's stock had a trading volume of 1,534,304 shares, compared to its average volume of 855,554. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.23 and a beta of 1.28. The stock has a fifty day simple moving average of $35.27 and a two-hundred day simple moving average of $36.24. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $43.29.
Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (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 during the quarter. On average, equities research analysts predict that Vontier Co. will post 3.13 EPS for the current year.
Vontier Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Thursday, March 6th. Vontier's dividend payout ratio (DPR) is presently 3.64%.
Vontier Company Profile
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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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