Teacher Retirement System of Texas grew its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 81.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,960 shares of the company's stock after acquiring an additional 32,764 shares during the period. Teacher Retirement System of Texas' holdings in Vontier were worth $2,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of VNT. Geode Capital Management LLC raised its stake in shares of Vontier by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock worth $86,776,000 after buying an additional 18,091 shares during the period. River Road Asset Management LLC lifted its holdings in Vontier by 6.2% during the fourth quarter. River Road Asset Management LLC now owns 2,502,132 shares of the company's stock valued at $91,253,000 after purchasing an additional 145,574 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Vontier by 2.1% during 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 purchasing an additional 30,362 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Vontier by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company's stock worth $53,988,000 after purchasing an additional 5,355 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Vontier by 5.4% in the fourth quarter. Truist Financial Corp now owns 1,415,317 shares of the company's stock worth $51,617,000 after purchasing an additional 72,787 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
Vontier Trading Down 2.3 %
Shares of VNT stock traded down $0.77 during trading hours on Friday, reaching $32.77. 823,382 shares of the stock were exchanged, compared to its average volume of 845,316. 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 12-month low of $31.22 and a 12-month high of $45.62. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The company's 50-day moving average price is $36.53 and its 200-day moving average price is $36.40.
Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating 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 firm had revenue of $776.80 million for the quarter. As a group, equities analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.
Vontier Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.31%. Vontier's dividend payout ratio (DPR) is 3.64%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday. Robert W. Baird upped their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. UBS Group assumed coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price objective on the stock. Citigroup cut their target price on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.50.
Check Out Our Latest Analysis on VNT
Vontier Profile
(
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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