Illinois Municipal Retirement Fund Has $2.27 Million Stock Position in Vontier Co. (NYSE:VNT)

Illinois Municipal Retirement Fund grew its holdings in Vontier Co. (NYSE:VNT) by 19.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 62,163 shares of the company’s stock after acquiring an additional 9,982 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Vontier were worth $2,267,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC raised its holdings in Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after acquiring an additional 18,091 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after purchasing an additional 415,750 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Vontier by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company’s stock worth $54,946,000 after purchasing an additional 30,362 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vontier by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company’s stock valued at $49,766,000 after buying an additional 42,357 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of Vontier by 5.4% in the fourth quarter. Truist Financial Corp now owns 1,415,317 shares of the company’s stock valued at $51,617,000 after buying an additional 72,787 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VNT. Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays raised their target price on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird boosted their price target on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. UBS Group started coverage on Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.43.

Vontier Stock Down 2.1 %

Vontier stock opened at $37.02 on Friday. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The stock has a market cap of $5.50 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.23 and a beta of 1.26. The company’s 50-day moving average price is $37.67 and its two-hundred day moving average price is $36.40. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

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

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. Vontier’s payout ratio is presently 3.64%.

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.