DekaBank Deutsche Girozentrale Buys 760 Shares of Vontier Co. (NYSE:VNT)

DekaBank Deutsche Girozentrale grew its stake in Vontier Co. (NYSE:VNT) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,577 shares of the company’s stock after purchasing an additional 760 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vontier were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Vontier in the fourth quarter worth approximately $127,000,000. FMR LLC raised its holdings in shares of Vontier by 25.8% in the third quarter. FMR LLC now owns 13,493,831 shares of the company’s stock worth $417,229,000 after buying an additional 2,767,188 shares during the period. Select Equity Group L.P. purchased a new stake in shares of Vontier in the first quarter worth approximately $50,009,000. Norges Bank purchased a new stake in shares of Vontier in the fourth quarter worth approximately $33,980,000. Finally, AQR Capital Management LLC raised its holdings in shares of Vontier by 79.5% in the fourth quarter. AQR Capital Management LLC now owns 2,715,869 shares of the company’s stock worth $51,629,000 after buying an additional 1,202,784 shares during the period. 95.83% of the stock is owned by institutional investors.

Vontier Stock Performance

NYSE VNT opened at $40.60 on Wednesday. The stock has a 50-day simple moving average of $42.23 and a two-hundred day simple moving average of $36.38. The firm has a market capitalization of $6.25 billion, a P/E ratio of 16.85, a PEG ratio of 1.21 and a beta of 1.31. Vontier Co. has a fifty-two week low of $26.23 and a fifty-two week high of $45.62. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.39.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $780.92 million. During the same quarter in the previous year, the business earned $0.81 EPS. Vontier’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s dividend payout ratio is presently 4.15%.

Analysts Set New Price Targets

Several research firms have commented on VNT. Evercore ISI raised their price objective on Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Bank of America raised Vontier from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $40.00 in a research report on Thursday, January 11th. Citigroup raised their price objective on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. The Goldman Sachs Group lifted their price target on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Argus lifted their price target on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average price target of $45.00.

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.