Illinois Municipal Retirement Fund Grows Position in Vontier Co. (NYSE:VNT)

Illinois Municipal Retirement Fund boosted its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 19.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,163 shares of the company's stock after buying an additional 9,982 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Vontier were worth $2,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Integrated Investment Consultants LLC increased its stake in shares of Vontier by 14.7% in the 4th quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock worth $2,461,000 after purchasing an additional 8,657 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Vontier by 2,814.5% during the fourth 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 during the period. Wolverine Asset Management LLC purchased a new stake in Vontier in the fourth quarter worth about $2,918,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Vontier in the fourth quarter worth about $223,000. Finally, Holocene Advisors LP purchased a new position in shares of Vontier during the 3rd quarter valued at about $1,349,000. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Price Performance

Shares of VNT traded down $1.17 during midday trading on Monday, hitting $36.18. 938,133 shares of the company traded hands, compared to its average volume of 822,306. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.23 and a beta of 1.26. The firm has a 50 day moving average of $37.69 and a 200-day moving average of $36.47. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62.

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Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $776.80 million during the quarter. On average, analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. Vontier's payout ratio is currently 3.64%.

Analyst Ratings Changes

Several research firms recently issued reports on VNT. UBS Group began coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 target price for the company. Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research report on Thursday, December 12th. Barclays lifted their target price on shares of Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, February 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 research note on Tuesday, February 18th. Finally, Citigroup lowered their price objective on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.43.

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.