Vanguard Group Inc. reduced its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,979,696 shares of the company's stock after selling 261,877 shares during the period. Vanguard Group Inc. owned 11.30% of Vontier worth $619,250,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of VNT. Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $10,164,000 after purchasing an additional 272,166 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Vontier during the 4th quarter valued at approximately $508,000. Integrated Investment Consultants LLC raised its stake in Vontier by 14.7% during the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock valued at $2,461,000 after buying an additional 8,657 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Vontier in the fourth quarter worth $2,918,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Vontier by 48.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock worth $888,000 after acquiring an additional 7,909 shares during the last quarter. Institutional investors own 95.83% of the company's stock.
Vontier Stock Performance
Shares of VNT traded down $2.81 during mid-day trading on Thursday, hitting $30.84. 543,075 shares of the company traded hands, compared to its average volume of 922,205. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.23 and a beta of 1.26. The stock has a 50-day moving average price of $36.22 and a two-hundred day moving average price of $36.41. Vontier Co. has a 1 year low of $30.17 and a 1 year high of $44.25. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.
Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate 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. Equities analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.
Vontier Announces Dividend
The firm also recently declared 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. This represents a $0.10 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Thursday, March 6th. Vontier's payout ratio is currently 3.64%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 target price for the company. Robert W. Baird increased their price target on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Citigroup decreased their price objective on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a 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 on the stock in a research 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. According to MarketBeat, Vontier has a consensus rating of "Moderate Buy" and an average target price of $44.50.
Get Our Latest Stock Analysis on VNT
Vontier Company Profile
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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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