State Board of Administration of Florida Retirement System Decreases Stake in Vontier Co. (NYSE:VNT)

State Board of Administration of Florida Retirement System reduced its stake in shares of Vontier Co. (NYSE:VNTGet Rating) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 146,198 shares of the company’s stock after selling 3,571 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.09% of Vontier worth $3,361,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Intercontinental Wealth Advisors LLC boosted its position in shares of Vontier by 9.5% during the 2nd quarter. Intercontinental Wealth Advisors LLC now owns 10,232 shares of the company’s stock worth $235,000 after purchasing an additional 884 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Vontier by 23.8% in the 2nd quarter. Private Management Group Inc. now owns 1,109,318 shares of the company’s stock worth $25,503,000 after buying an additional 213,031 shares in the last quarter. Markel Corp purchased a new stake in shares of Vontier in the 2nd quarter worth about $1,146,000. Loomis Sayles & Co. L P boosted its position in shares of Vontier by 0.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,576,893 shares of the company’s stock worth $36,253,000 after buying an additional 6,199 shares in the last quarter. Finally, Biltmore Wealth Management LLC purchased a new stake in shares of Vontier in the 2nd quarter worth about $537,000. 93.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on VNT. Barclays decreased their price objective on shares of Vontier from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, October 3rd. The Goldman Sachs Group decreased their price objective on shares of Vontier from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, November 4th. Credit Suisse Group reduced their target price on shares of Vontier from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Finally, Citigroup reduced their target price on shares of Vontier from $29.00 to $23.00 in a report on Monday, October 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.33.

Insider Buying and Selling at Vontier

In related news, SVP Kathryn K. Rowen acquired 1,500 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $17.44 per share, with a total value of $26,160.00. Following the purchase, the senior vice president now directly owns 79,259 shares in the company, valued at approximately $1,382,276.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Kathryn K. Rowen acquired 1,500 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $17.44 per share, with a total value of $26,160.00. Following the purchase, the senior vice president now directly owns 79,259 shares in the company, valued at approximately $1,382,276.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark D. Morelli acquired 2,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were bought at an average cost of $17.42 per share, with a total value of $34,840.00. Following the purchase, the chief executive officer now owns 346,424 shares in the company, valued at $6,034,706.08. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

Vontier Price Performance

NYSE:VNT opened at $20.13 on Tuesday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. The company has a current ratio of 1.53, a quick ratio of 1.10 and a debt-to-equity ratio of 5.27. The company’s 50-day moving average is $18.73 and its two-hundred day moving average is $22.50. Vontier Co. has a 12-month low of $16.55 and a 12-month high of $34.22.

About Vontier

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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