Brandywine Global Investment Management LLC Reduces Stock Position in Vontier Co. (NYSE:VNT)

Brandywine Global Investment Management LLC decreased its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,482,989 shares of the company's stock after selling 10,953 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.99% of Vontier worth $54,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of VNT. Norges Bank bought a new stake in Vontier during the 4th quarter valued at $64,869,000. Allspring Global Investments Holdings LLC increased its position 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 worth $10,164,000 after acquiring an additional 272,166 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Vontier during the fourth quarter worth about $9,363,000. Retirement Systems of Alabama raised 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. Finally, Schroder Investment Management Group bought a new position in Vontier in the 4th quarter valued at about $7,158,000. Institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VNT. Wolfe Research raised Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Robert W. Baird raised their price objective 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 target price on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price target on the stock. Finally, Citigroup reduced their target price on Vontier from $46.00 to $44.00 and set a "buy" rating for the company 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. Based on data from MarketBeat, Vontier has an average rating of "Moderate Buy" and a consensus price target of $44.50.

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Vontier Stock Performance

Shares of Vontier stock traded down $2.62 on Thursday, reaching $31.03. 453,935 shares of the company traded hands, compared to its average volume of 844,898. The company has a 50 day moving average of $36.22 and a 200 day moving average of $36.41. 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 Co. has a 52 week low of $30.18 and a 52 week high of $45.34. The firm has a market capitalization of $4.61 billion, a PE ratio of 11.28, a PEG ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data 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. 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%. Equities analysts forecast that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.32%. The ex-dividend date was Thursday, March 6th. Vontier's dividend payout ratio (DPR) is presently 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.