Vontier Co. (NYSE:VNT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,511 shares of the company's stock after selling 11,592 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Vontier worth $12,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. boosted its holdings in shares of Vontier by 12.8% in the 4th quarter. Principal Securities Inc. now owns 4,636 shares of the company's stock valued at $169,000 after buying an additional 526 shares in the last quarter. Rhumbline Advisers lifted its position in Vontier by 0.9% during the fourth quarter. Rhumbline Advisers now owns 410,684 shares of the company's stock valued at $14,978,000 after acquiring an additional 3,754 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Vontier in the fourth quarter valued at approximately $99,000. Van ECK Associates Corp grew its holdings in Vontier by 94.3% in the fourth quarter. Van ECK Associates Corp now owns 148,253 shares of the company's stock worth $5,407,000 after purchasing an additional 71,963 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Vontier by 2,814.5% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of analysts have recently weighed in on VNT shares. UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price objective for the company. Barclays raised their price target on Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Citigroup cut their price objective on shares of 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 shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. Finally, Robert W. Baird upped their price target on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Vontier currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Vontier Stock Performance

NYSE VNT traded down $1.19 on Monday, hitting $36.16. 590,507 shares of the company's stock traded hands, compared to its average volume of 811,956. The firm's 50-day moving average price is $37.69 and its two-hundred day moving average price is $36.47. The firm has a market capitalization of $5.38 billion, a PE ratio of 13.16, a P/E/G ratio of 1.23 and a beta of 1.26. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. As a group, analysts expect that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier's payout ratio is presently 3.64%.

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.