Principal Financial Group Inc. Has $12.02 Million Holdings in Vontier Co. (NYSE:VNT)

Principal Financial Group Inc. cut its holdings in Vontier Co. (NYSE:VNT - Free Report) by 30.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 356,103 shares of the company's stock after selling 158,053 shares during the quarter. Principal Financial Group Inc. owned about 0.24% of Vontier worth $12,015,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of VNT. Allspring Global Investments Holdings LLC raised its stake in shares of Vontier by 2.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 78,764 shares of the company's stock valued at $3,009,000 after purchasing an additional 1,776 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vontier by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,078 shares of the company's stock valued at $1,302,000 after acquiring an additional 2,787 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Vontier in the 2nd quarter valued at approximately $944,000. Rothschild Investment LLC acquired a new position in Vontier during the 2nd quarter worth approximately $215,000. Finally, Ritholtz Wealth Management grew its stake in shares of Vontier by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company's stock worth $502,000 after acquiring an additional 420 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VNT shares. Citigroup boosted their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Barclays increased their price objective on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They set a "buy" rating and a $47.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vontier currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.44.

Vontier Stock Performance

Vontier stock traded down $0.39 during mid-day trading on Monday, hitting $36.22. 410,533 shares of the company's stock traded hands, compared to its average volume of 813,834. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $37.78 and a two-hundred day simple moving average of $36.47. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.85 and a beta of 1.24.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million during the quarter, compared to analysts' expectations of $729.23 million. During the same quarter last year, the company posted $0.73 EPS. Vontier's quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts expect that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. Vontier's dividend payout ratio (DPR) is currently 3.83%.

Vontier Company Profile

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.