Vontier Co. (NYSE:VNT) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in Vontier Co. (NYSE:VNT) by 23.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,533 shares of the company’s stock after selling 5,648 shares during the quarter. Voya Investment Management LLC’s holdings in Vontier were worth $676,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after purchasing an additional 272,166 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Vontier in the fourth quarter worth approximately $508,000. Integrated Investment Consultants LLC lifted its holdings in shares of Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock valued at $2,461,000 after purchasing an additional 8,657 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Vontier during the 4th quarter worth about $2,918,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Vontier by 48.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock worth $888,000 after buying an additional 7,909 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE:VNT opened at $34.91 on Friday. The firm’s 50-day moving average is $32.04 and its 200-day moving average is $35.80. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.23 and a beta of 1.29. 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 Co. has a 52-week low of $27.22 and a 52-week high of $41.61.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.71 by $0.06. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $741.10 million during the quarter, compared to analysts’ expectations of $723.06 million. During the same quarter in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

VNT has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their price target on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Barclays boosted their target price on shares of Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and an average target price of $43.67.

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.