Retirement Systems of Alabama Boosts Stake in Vontier Co. (NYSE:VNT)

Retirement Systems of Alabama lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 503,506 shares of the company’s stock after acquiring an additional 90,298 shares during the quarter. Retirement Systems of Alabama owned 0.33% of Vontier worth $17,396,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Treasurer of the State of North Carolina raised its position in shares of Vontier by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 68,343 shares of the company’s stock valued at $2,113,000 after purchasing an additional 340 shares in the last quarter. Citigroup Inc. boosted its stake in Vontier by 1.8% during the 3rd quarter. Citigroup Inc. now owns 27,747 shares of the company’s stock valued at $858,000 after acquiring an additional 494 shares during the last quarter. Arizona State Retirement System grew its holdings in Vontier by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 44,309 shares of the company’s stock worth $1,370,000 after acquiring an additional 603 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Vontier by 7.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 10,577 shares of the company’s stock worth $360,000 after purchasing an additional 760 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Vontier by 78.9% in the 4th quarter. CWM LLC now owns 1,911 shares of the company’s stock valued at $66,000 after purchasing an additional 843 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analysts Set New Price Targets

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

Vontier Stock Down 2.1 %

Vontier stock opened at $40.63 on Wednesday. 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 Co. has a one year low of $26.65 and a one year high of $45.62. The company has a 50-day simple moving average of $42.75 and a 200-day simple moving average of $37.06. The firm has a market capitalization of $6.28 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.21 and a beta of 1.31.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) 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 analyst estimates of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. Vontier’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. As a group, equities analysts expect that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend 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.