New York State Common Retirement Fund Has $12.43 Million Stock Position in Vontier Co. (NYSE:VNT)

New York State Common Retirement Fund cut its stake in Vontier Co. (NYSE:VNT) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,755 shares of the company’s stock after selling 331 shares during the period. New York State Common Retirement Fund owned about 0.23% of Vontier worth $12,427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. River Road Asset Management LLC grew its position in Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after acquiring an additional 415,750 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Vontier by 2,814.5% in the 4th 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 last quarter. Retirement Systems of Alabama increased its position in shares of Vontier by 42.1% during the 4th quarter. Retirement Systems of Alabama now owns 705,740 shares of the company’s stock worth $25,738,000 after purchasing an additional 209,227 shares in the last quarter. Jane Street Group LLC lifted its holdings in Vontier by 398.4% during the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after purchasing an additional 152,904 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in Vontier by 1,414.9% in the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock valued at $5,394,000 after buying an additional 149,312 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 0.6 %

Shares of VNT opened at $37.93 on Tuesday. The stock’s fifty day simple moving average is $37.64 and its 200-day simple moving average is $36.35. The firm has a market capitalization of $5.64 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. 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 issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. As a group, research analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s payout ratio is 3.64%.

Wall Street Analyst Weigh In

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

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.