Vontier Co. (NYSE:VNT) Stock Position Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Vontier Co. (NYSE:VNT - Free Report) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 179,454 shares of the company's stock after selling 14,739 shares during the period. New York State Teachers Retirement System owned about 0.12% of Vontier worth $6,055,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Vontier by 3.8% in the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 35,300 shares of the company's stock valued at $1,191,000 after acquiring an additional 1,300 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Vontier by 2.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 408,390 shares of the company's stock valued at $13,778,000 after acquiring an additional 9,210 shares during the period. Harvey Investment Co. LLC grew its holdings in Vontier by 21.1% during the 3rd quarter. Harvey Investment Co. LLC now owns 55,760 shares of the company's stock valued at $1,881,000 after purchasing an additional 9,726 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock valued at $35,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Greenleaf Trust acquired a new stake in Vontier during the 3rd quarter valued at $2,678,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Wall Street Analysts Forecast Growth

VNT has been the subject of a number of recent analyst reports. Evercore ISI lowered their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a report on Tuesday, August 20th. Robert W. Baird lowered their price target on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Finally, Barclays raised their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Tuesday. Three 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 currently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Vontier Stock Performance

Shares of NYSE VNT traded up $2.01 during midday trading on Wednesday, hitting $40.02. The company's stock had a trading volume of 1,210,494 shares, compared to its average volume of 798,967. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The firm's fifty day moving average price is $33.99 and its 200-day moving average price is $36.88. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The firm has a market cap of $6.01 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.73 and a beta of 1.25.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same period in the previous year, the business posted $0.73 EPS. The company's quarterly revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts forecast that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were given a $0.025 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.25%. Vontier's dividend payout ratio is presently 3.83%.

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.