Empire Life Investments Inc. reduced its stake in Vontier Co. (NYSE:VNT - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,389 shares of the company's stock after selling 26,040 shares during the quarter. Empire Life Investments Inc. owned about 0.26% of Vontier worth $14,019,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. River Road Asset Management LLC lifted its position in Vontier by 21.4% in the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after acquiring an additional 415,750 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 purchasing an additional 272,166 shares in the last quarter. Retirement Systems of Alabama increased its stake in 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 buying an additional 209,227 shares in the last quarter. Jane Street Group LLC increased its stake in Vontier by 398.4% in the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company's stock worth $6,454,000 after buying an additional 152,904 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in shares of Vontier by 1,414.9% during the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company's stock valued at $5,394,000 after purchasing an additional 149,312 shares in the last quarter. 95.83% of the stock is owned by institutional investors.
Vontier Stock Up 0.2 %
Vontier stock traded up $0.08 during mid-day trading on Wednesday, reaching $40.33. 1,055,117 shares of the company's stock were exchanged, compared to its average volume of 665,683. The company has a market cap of $6.00 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.77 and a beta of 1.26. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. 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 fifty day moving average of $37.73 and a 200-day moving average of $36.22.
Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Sell-side analysts expect that Vontier Co. will post 3.13 EPS for the current year.
Vontier Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier's dividend payout ratio (DPR) is presently 3.64%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on VNT shares. 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. UBS Group initiated coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price objective for the company. Barclays raised their price objective on shares of Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wolfe Research raised shares of 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. Finally, Citigroup reduced their target price on shares of Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.88.
View Our Latest Stock Analysis on Vontier
Vontier Profile
(
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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