Cramer Rosenthal Mcglynn LLC Boosts Stock Position in Vontier Co. (NYSE:VNT)

Cramer Rosenthal Mcglynn LLC grew its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 22.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,060,432 shares of the company's stock after buying an additional 195,091 shares during the quarter. Vontier comprises 2.2% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 5th biggest position. Cramer Rosenthal Mcglynn LLC owned about 0.71% of Vontier worth $38,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Vontier by 2,814.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock valued at $10,164,000 after purchasing an additional 272,166 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Vontier during the fourth quarter worth approximately $508,000. Integrated Investment Consultants LLC grew its position in Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock worth $2,461,000 after buying an additional 8,657 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Vontier during the 4th quarter valued at $2,918,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Vontier by 48.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock worth $888,000 after acquiring an additional 7,909 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Up 1.6 %

Shares of VNT traded up $0.49 during midday trading on Wednesday, reaching $30.35. 586,494 shares of the stock were exchanged, compared to its average volume of 874,480. The firm has a 50 day simple moving average of $33.46 and a 200-day simple moving average of $35.98. Vontier Co. has a 12-month low of $27.22 and a 12-month high of $41.73. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm 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 forecast that Vontier Co. will post 3.13 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VNT shares. Citigroup cut their target price on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays reduced their price objective 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. Finally, Robert W. Baird lifted their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Vontier currently has an average rating of "Moderate Buy" and a consensus price target of $43.17.

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.