Teacher Retirement System of Texas Sells 5,390 Shares of Vontier Co. (NYSE:VNT)

Teacher Retirement System of Texas cut its position in Vontier Co. (NYSE:VNT) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 57,688 shares of the company’s stock after selling 5,390 shares during the period. Teacher Retirement System of Texas’ holdings in Vontier were worth $1,993,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Donoghue Forlines LLC purchased a new stake in Vontier during the fourth quarter valued at approximately $1,366,000. Principal Securities Inc. purchased a new stake in shares of Vontier during the 4th quarter valued at $50,000. WESCAP Management Group Inc. boosted its position in shares of Vontier by 3.4% in the 4th quarter. WESCAP Management Group Inc. now owns 37,870 shares of the company’s stock worth $1,308,000 after purchasing an additional 1,243 shares in the last quarter. M&T Bank Corp purchased a new position in Vontier during the 4th quarter worth $214,000. Finally, LSV Asset Management raised its stake in Vontier by 53.7% in the fourth quarter. LSV Asset Management now owns 1,492,310 shares of the company’s stock valued at $51,559,000 after buying an additional 521,310 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their price target on Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group upped their price target on shares of Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Argus lifted their price objective on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. UBS Group upped their target price on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Citigroup raised their target price on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Vontier Trading Down 0.9 %

NYSE VNT opened at $40.14 on Friday. Vontier Co. has a 1 year low of $28.55 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.57 and a quick ratio of 1.23. The company has a market capitalization of $6.20 billion, a PE ratio of 14.54, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a fifty day moving average of $42.14 and a 200 day moving average of $37.82.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business had revenue of $755.80 million during the quarter, compared to analyst estimates of $754.50 million. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Research analysts forecast that Vontier Co. will post 3.15 earnings per share for the current year.

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.