Vanguard Group Inc. Sells 261,877 Shares of Vontier Co. (NYSE:VNT)

Vanguard Group Inc. lessened its holdings in Vontier Co. (NYSE:VNT - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,979,696 shares of the company's stock after selling 261,877 shares during the quarter. Vanguard Group Inc. owned 11.30% of Vontier worth $619,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VNT. Charles Schwab Investment Management Inc. boosted its stake in Vontier by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company's stock valued at $49,766,000 after buying an additional 42,357 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Vontier in the third quarter worth about $341,000. Quantbot Technologies LP lifted its holdings in shares of Vontier by 1,071.7% in the third quarter. Quantbot Technologies LP now owns 39,804 shares of the company's stock worth $1,343,000 after acquiring an additional 36,407 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of Vontier in the 3rd quarter valued at approximately $205,000. Finally, Bridgewater Associates LP grew its holdings in shares of Vontier by 153.6% during the 3rd quarter. Bridgewater Associates LP now owns 102,747 shares of the company's stock valued at $3,467,000 after purchasing an additional 62,229 shares during the last quarter. Institutional investors own 95.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VNT shares. Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a research report on Thursday, December 12th. Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Barclays reduced their price objective on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 target price for the company. Finally, Citigroup reduced their price target on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Vontier Trading Down 4.9 %

NYSE VNT traded down $1.50 on Friday, reaching $28.89. The company had a trading volume of 1,463,488 shares, compared to its average volume of 845,978. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.23 and a beta of 1.28. Vontier Co. has a fifty-two week low of $27.78 and a fifty-two week high of $43.42. The business has a 50 day moving average of $35.86 and a two-hundred day moving average of $36.34. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share (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 during the quarter. Analysts forecast that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 6th. Vontier's dividend payout ratio is currently 3.64%.

About Vontier

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.