Proficio Capital Partners LLC bought a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,932 shares of the company's stock, valued at approximately $508,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted 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. Retirement Systems of Alabama increased its position in shares of Vontier by 42.1% during the fourth quarter. Retirement Systems of Alabama now owns 705,740 shares of the company's stock worth $25,738,000 after acquiring an additional 209,227 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Vontier by 398.4% in the third quarter. Jane Street Group LLC now owns 191,285 shares of the company's stock worth $6,454,000 after acquiring an additional 152,904 shares in the last quarter. Verition Fund Management LLC boosted its holdings in Vontier by 1,414.9% in the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company's stock valued at $5,394,000 after purchasing an additional 149,312 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Vontier by 11.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company's stock valued at $44,246,000 after purchasing an additional 132,312 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on VNT. UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They set a "buy" rating and a $47.00 target price for the company. Robert W. Baird increased their price objective 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. Barclays boosted their target price on shares of Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Citigroup reduced their price target on shares of Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Wolfe Research raised Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.43.
View Our Latest Report on Vontier
Vontier Stock Performance
VNT traded down $0.74 on Thursday, hitting $32.06. 887,268 shares of the company's stock were exchanged, compared to its average volume of 926,827. 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 stock has a fifty day moving average of $37.23 and a two-hundred day moving average of $36.42. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The firm has a market cap of $4.77 billion, a PE ratio of 11.66, a P/E/G ratio of 1.23 and a beta of 1.26.
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, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. On average, research analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.
Vontier Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.31%. 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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