Retirement Systems of Alabama Grows Stake in Vontier Co. (NYSE:VNT)

Retirement Systems of Alabama lifted its stake in Vontier Co. (NYSE:VNT - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 705,740 shares of the company's stock after purchasing an additional 209,227 shares during the quarter. Retirement Systems of Alabama owned about 0.47% of Vontier worth $25,738,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock valued at $35,000 after buying an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in Vontier in the third quarter worth approximately $37,000. Wilmington Savings Fund Society FSB acquired a new stake in Vontier during the third quarter worth $40,000. Covestor Ltd raised its position in Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock valued at $49,000 after purchasing an additional 395 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company's stock valued at $141,000 after purchasing an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VNT shares. Barclays reduced their price objective on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. UBS Group began coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target on the stock. Wolfe Research raised 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 report on Thursday, December 12th. Finally, Citigroup decreased their price target on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Three investment 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.63.

Vontier Stock Down 1.1 %

Vontier stock traded down $0.44 during mid-day trading on Friday, reaching $38.40. 581,561 shares of the company's stock were exchanged, compared to its average volume of 534,603. The company has a fifty day moving average of $37.74 and a 200-day moving average of $36.15. The company has a market cap of $5.77 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.75 and a beta of 1.26. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62.

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.