Vontier Co. (NYSE:VNT) Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Vontier Co. (NYSE:VNT) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,513 shares of the company’s stock after selling 3,859 shares during the quarter. Retirement Systems of Alabama’s holdings in Vontier were worth $16,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedge Capital Management L L P NC raised its stake in shares of Vontier by 18.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock worth $12,623,000 after buying an additional 58,362 shares in the last quarter. Stanley Capital Management LLC bought a new stake in Vontier in the second quarter worth about $17,954,000. Cornercap Investment Counsel Inc. acquired a new stake in Vontier in the 2nd quarter valued at about $1,060,000. Mackenzie Financial Corp boosted its position in shares of Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after purchasing an additional 227,388 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Vontier by 1.6% in the 2nd quarter. New York State Teachers Retirement System now owns 194,193 shares of the company’s stock worth $7,418,000 after purchasing an additional 3,003 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

VNT has been the subject of several recent research reports. Citigroup increased their target price on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 9th. UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Evercore ISI cut their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday. Finally, Barclays lifted their price target on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.44.

Vontier Trading Down 0.8 %

NYSE:VNT opened at $39.60 on Monday. The stock has a market cap of $5.95 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The stock’s 50-day moving average is $37.18 and its two-hundred day moving average is $36.60.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. As a group, equities research analysts forecast that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

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.