Fmr LLC Has $533.69 Million Position in Vontier Co. (NYSE:VNT)

FMR LLC lifted its stake in Vontier Co. (NYSE:VNT - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,633,765 shares of the company's stock after acquiring an additional 32,942 shares during the period. FMR LLC owned approximately 9.74% of Vontier worth $533,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Vontier during the 4th quarter worth about $64,869,000. Allspring Global Investments Holdings LLC lifted its position in shares of Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock worth $10,164,000 after acquiring an additional 272,166 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Vontier during the 4th quarter worth approximately $9,363,000. Massachusetts Financial Services Co. MA increased its position in shares of Vontier by 25.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,194,988 shares of the company's stock valued at $43,581,000 after purchasing an additional 243,539 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Vontier by 42.1% in the fourth quarter. Retirement Systems of Alabama now owns 705,740 shares of the company's stock valued at $25,738,000 after purchasing an additional 209,227 shares in the last quarter. Institutional investors own 95.83% of the company's stock.

Vontier Price Performance

VNT stock traded up $0.27 during midday trading on Monday, reaching $30.21. 101,079 shares of the company's stock traded hands, compared to its average volume of 861,893. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.23 and a beta of 1.28. The company has a 50-day simple moving average of $34.64 and a two-hundred day simple moving average of $36.17. Vontier Co. has a 1-year low of $27.22 and a 1-year high of $42.04.

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Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The business had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. On average, analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Thursday, March 6th. Vontier's dividend payout ratio is currently 3.64%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VNT. Barclays decreased their price target on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Robert W. Baird lifted their price objective on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Vontier 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.