Legal & General Group Plc Decreases Holdings in Vontier Co. (NYSE:VNT)

Legal & General Group Plc reduced its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,146 shares of the company's stock after selling 20,923 shares during the period. Legal & General Group Plc owned about 0.18% of Vontier worth $9,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. lifted its holdings in shares of Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after purchasing an additional 431 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Vontier in the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC grew its position in shares of Vontier by 44.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after buying an additional 700 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Vontier in the fourth quarter valued at about $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Vontier during the fourth quarter worth about $99,000. Institutional investors and hedge funds own 95.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VNT. Citigroup reduced their price objective on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Finally, Barclays dropped their price objective on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.17.

Vontier Stock Up 2.7 %

NYSE VNT traded up $0.81 during trading hours on Wednesday, hitting $30.67. The company's stock had a trading volume of 309,648 shares, compared to its average volume of 974,753. Vontier Co. has a 52 week low of $27.22 and a 52 week high of $41.73. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The company's 50-day simple moving average is $33.46 and its two-hundred day simple moving average is $35.98. The company has a market capitalization of $4.55 billion, a PE ratio of 11.15, a price-to-earnings-growth 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, topping the consensus estimate of $0.79 by $0.01. The business 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%. Research analysts anticipate that Vontier Co. will post 3.13 EPS for the current fiscal year.

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.