Nordea Investment Management AB Has $9.46 Million Stake in Vontier Co. (NYSE:VNT)

Nordea Investment Management AB raised its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 83.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,648 shares of the company's stock after acquiring an additional 95,549 shares during the quarter. Nordea Investment Management AB owned approximately 0.14% of Vontier worth $9,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Olstein Capital Management L.P. bought a new stake in Vontier during the 4th quarter valued at $3,662,000. Assenagon Asset Management S.A. acquired a new stake in shares of Vontier in the 4th quarter worth $2,192,000. Mutual of America Capital Management LLC boosted its position in shares of Vontier by 71.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company's stock worth $5,949,000 after purchasing an additional 71,515 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Vontier by 89.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company's stock worth $1,678,000 after purchasing an additional 25,632 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new stake in shares of Vontier in the 4th quarter worth $900,000. Institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Argus raised their price objective on Vontier from $39.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Citigroup raised their price objective on Vontier from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $45.00.

Vontier Stock Performance

VNT stock traded down $0.17 during midday trading on Tuesday, reaching $37.99. The stock had a trading volume of 405,547 shares, compared to its average volume of 741,137. The stock has a market cap of $5.87 billion, a PE ratio of 13.83, a P/E/G ratio of 1.11 and a beta of 1.29. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.23 and a current ratio of 1.57. The firm has a fifty day simple moving average of $39.41 and a two-hundred day simple moving average of $39.38. Vontier Co. has a 52-week low of $28.84 and a 52-week high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The business had revenue of $755.80 million during the quarter, compared to analyst estimates of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The company's revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. As a group, equities research analysts anticipate that Vontier Co. will post 3.15 EPS for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier's payout ratio is currently 3.62%.

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.