Renaissance Technologies LLC trimmed its position in Vontier Co. (NYSE:VNT - Free Report) by 40.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 417,729 shares of the company's stock after selling 284,171 shares during the period. Renaissance Technologies LLC owned 0.28% of Vontier worth $15,235,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock valued at $86,776,000 after acquiring an additional 18,091 shares during the last quarter. River Road Asset Management LLC grew its position in shares of Vontier by 6.2% during the 4th quarter. River Road Asset Management LLC now owns 2,502,132 shares of the company's stock valued at $91,253,000 after buying an additional 145,574 shares during the last quarter. Norges Bank acquired a new stake in Vontier during the fourth quarter worth about $64,869,000. Russell Investments Group Ltd. lifted its holdings in Vontier by 11.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,598,584 shares of the company's stock worth $58,300,000 after acquiring an additional 160,830 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Vontier by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company's stock valued at $54,946,000 after acquiring an additional 30,362 shares during the period. 95.83% of the stock is owned by institutional investors.
Vontier Price Performance
Shares of NYSE VNT traded up $0.01 during mid-day trading on Friday, reaching $30.04. 827,113 shares of the company traded hands, compared to its average volume of 869,505. Vontier Co. has a fifty-two week low of $27.22 and a fifty-two week high of $41.73. The firm has a market cap of $4.46 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. The stock has a fifty day simple moving average of $33.80 and a 200-day simple moving average of $36.01. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.
Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping 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 company had revenue of $776.80 million for the quarter. Equities research analysts anticipate that Vontier Co. will post 3.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on VNT. Citigroup cut their price target on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays cut their target price on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Robert W. Baird upped their price target on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.17.
Get Our Latest Stock Analysis on VNT
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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