Russell Investments Group Ltd. Sells 76,288 Shares of Vontier Co. (NYSE:VNT)

Russell Investments Group Ltd. reduced its position in shares of Vontier Co. (NYSE:VNT) by 5.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,298,046 shares of the company’s stock after selling 76,288 shares during the quarter. Russell Investments Group Ltd.’s holdings in Vontier were worth $44,847,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VNT. FinTrust Capital Advisors LLC raised its stake in shares of Vontier by 1,985.7% during the third quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company’s stock valued at $36,000 after acquiring an additional 1,112 shares during the last quarter. International Assets Investment Management LLC raised its position in Vontier by 3,355.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock valued at $45,000 after purchasing an additional 1,275 shares during the last quarter. CWM LLC lifted its holdings in Vontier by 78.9% in the 4th quarter. CWM LLC now owns 1,911 shares of the company’s stock worth $66,000 after buying an additional 843 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Vontier by 132.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,212 shares of the company’s stock worth $99,000 after buying an additional 1,828 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Vontier in the 3rd quarter worth approximately $108,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 0.7 %

NYSE:VNT opened at $41.52 on Tuesday. The company has a market cap of $6.42 billion, a PE ratio of 17.23, a price-to-earnings-growth 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. 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 50 day simple moving average of $42.76 and a two-hundred day simple moving average of $36.99.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, beating the consensus estimate 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%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. Research analysts forecast that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. 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. Argus upped 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. Bank of America upgraded shares of Vontier from a “neutral” rating to a “buy” rating and lifted their target price 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 stock a “buy” rating in a research note on Friday, February 16th. Finally, The Goldman Sachs Group lifted their price objective on Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a research note 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

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.