Barclays PLC Buys 118,492 Shares of Vontier Co. (NYSE:VNT)

Barclays PLC grew its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 117.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 219,328 shares of the company's stock after acquiring an additional 118,492 shares during the period. Barclays PLC owned about 0.15% of Vontier worth $7,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VNT. Norges Bank bought a new stake in Vontier during the 4th quarter valued at $64,869,000. Allspring Global Investments Holdings LLC grew its stake in 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 buying an additional 272,166 shares in the last quarter. Raymond James Financial Inc. bought a new position in Vontier in the fourth quarter valued at $9,363,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Vontier by 25.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,194,988 shares of the company's stock valued at $43,581,000 after buying an additional 243,539 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Vontier by 42.1% in the 4th quarter. Retirement Systems of Alabama now owns 705,740 shares of the company's stock worth $25,738,000 after acquiring an additional 209,227 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Trading Up 0.1 %

Vontier stock traded up $0.02 during mid-day trading on Friday, reaching $31.31. 672,959 shares of the company traded hands, compared to its average volume of 882,831. The firm's 50 day moving average price is $32.94 and its 200 day moving average price is $35.92. Vontier Co. has a 52-week low of $27.22 and a 52-week high of $41.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.23 and a beta of 1.28.

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 company had revenue of $776.80 million for the quarter. On average, analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VNT has been the topic of several analyst reports. Robert W. Baird lifted their price objective on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Citigroup lowered their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Barclays cut their target price on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.17.

Vontier Company 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.