Cerity Partners LLC Has $2.85 Million Stock Holdings in Vontier Co. (NYSE:VNT)

Cerity Partners LLC reduced its position in shares of Vontier Co. (NYSE:VNT) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,854 shares of the company’s stock after selling 19,187 shares during the period. Cerity Partners LLC’s holdings in Vontier were worth $2,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VNT. Norges Bank acquired a new position in shares of Vontier during the 4th quarter worth $64,869,000. Allspring Global Investments Holdings LLC boosted its stake in Vontier by 2,814.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after buying an additional 272,166 shares in the last quarter. Raymond James Financial Inc. bought a new position in Vontier in the fourth quarter valued at about $9,363,000. Massachusetts Financial Services Co. MA raised its stake in Vontier by 25.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,194,988 shares of the company’s stock worth $43,581,000 after acquiring an additional 243,539 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Vontier by 42.1% in the fourth quarter. Retirement Systems of Alabama now owns 705,740 shares of the company’s stock worth $25,738,000 after acquiring an additional 209,227 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Price Performance

Shares of NYSE:VNT opened at $30.27 on Tuesday. The firm has a market cap of $4.50 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. Vontier Co. has a 52 week low of $27.22 and a 52 week high of $42.04. The firm’s fifty day moving average is $34.47 and its 200-day moving average is $36.14. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million for the quarter. Sell-side analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. Vontier’s dividend payout ratio (DPR) is currently 3.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Citigroup decreased their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

About Vontier

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.