Vontier Co. (NYSE:VNT) Stake Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Vontier Co. (NYSE:VNT) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,598,584 shares of the company’s stock after buying an additional 160,830 shares during the quarter. Russell Investments Group Ltd. owned about 1.06% of Vontier worth $58,300,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Vontier during the 4th quarter worth $214,000. Foundry Partners LLC lifted its holdings in Vontier by 1.9% in the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company’s stock worth $631,000 after purchasing an additional 324 shares during the period. Cinctive Capital Management LP bought a new position in Vontier in the 4th quarter valued at about $3,936,000. Kesler Norman & Wride LLC bought a new position in Vontier in the 4th quarter valued at about $269,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Vontier by 25.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,194,988 shares of the company’s stock valued at $43,581,000 after buying an additional 243,539 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Price Performance

NYSE VNT opened at $28.89 on Monday. The stock has a market capitalization of $4.30 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The business’s fifty day moving average is $35.86 and its two-hundred day moving average is $36.38. Vontier Co. has a 1 year low of $27.78 and a 1 year high of $43.41.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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 company had revenue of $776.80 million for the quarter. On average, research analysts forecast that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, March 6th. Vontier’s payout ratio is 3.64%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VNT. Barclays reduced their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Citigroup decreased their price target on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. UBS Group initiated coverage on Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Robert W. Baird lifted their target price on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Vontier currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

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.