Russell Investments Group Ltd. grew its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,598,584 shares of the company's stock after buying an additional 160,830 shares during the period. Russell Investments Group Ltd. owned 1.06% of Vontier worth $58,300,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Vontier during the 4th quarter worth about $214,000. Foundry Partners LLC grew its holdings in shares of Vontier by 1.9% during the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock worth $631,000 after buying an additional 324 shares in the last quarter. Cinctive Capital Management LP acquired a new position in shares of Vontier in the fourth quarter valued at approximately $3,936,000. Kesler Norman & Wride LLC purchased a new position in shares of Vontier during the fourth quarter valued at approximately $269,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Vontier by 25.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,194,988 shares of the company's stock worth $43,581,000 after acquiring an additional 243,539 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.
Vontier Trading Up 0.6 %
Shares of Vontier stock traded up $0.19 during trading hours on Friday, reaching $29.92. The stock had a trading volume of 959,609 shares, compared to its average volume of 863,766. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $42.04. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 1.23 and a beta of 1.28. The firm has a 50 day simple moving average of $34.64 and a two-hundred day simple moving average of $36.15.
Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $776.80 million for the quarter. As a group, equities research analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.
Vontier Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 6th. Vontier's dividend payout ratio (DPR) is presently 3.64%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on VNT. Barclays cut their price target on Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Citigroup dropped their target price on Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, Robert W. Baird raised their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.
Check Out Our Latest Analysis on VNT
About Vontier
(
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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