Vontier Co. (NYSE:VNT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in Vontier Co. (NYSE:VNT) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 380,929 shares of the company’s stock after selling 14,414 shares during the quarter. New York State Common Retirement Fund’s holdings in Vontier were worth $13,161,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Olstein Capital Management L.P. purchased a new stake in Vontier in the fourth quarter valued at approximately $3,662,000. Assenagon Asset Management S.A. purchased a new stake in shares of Vontier in the 4th quarter valued at $2,192,000. Mutual of America Capital Management LLC lifted its stake in Vontier by 71.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock worth $5,949,000 after acquiring an additional 71,515 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Vontier by 89.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock valued at $1,678,000 after acquiring an additional 25,632 shares during the period. Finally, Segment Wealth Management LLC acquired a new position in Vontier in the 4th quarter valued at about $900,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Evercore ISI increased their price target on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. UBS Group lifted their price objective on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Bank of America upgraded shares of Vontier from a “neutral” rating to a “buy” rating and upped their target price for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. Citigroup boosted their target price on shares of Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Argus increased their target price on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Vontier has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Vontier Trading Up 0.7 %

Shares of Vontier stock opened at $41.52 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. The company has a fifty day simple moving average of $42.76 and a 200-day simple moving average of $36.99. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.20 and a beta of 1.31. Vontier Co. has a 12-month low of $26.65 and a 12-month high of $45.62.

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 analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. Vontier’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. On average, equities analysts forecast that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Wednesday, March 6th. Vontier’s payout ratio is currently 4.15%.

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.