Vontier Co. (NYSE:VNT) Stock Position Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in shares of Vontier Co. (NYSE:VNT) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,347 shares of the company’s stock after selling 1,324 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Vontier were worth $2,201,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VNT. Blue Trust Inc. boosted its stake in shares of Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after acquiring an additional 410 shares in the last quarter. Raymond James & Associates boosted its position in shares of Vontier by 15.7% in the third quarter. Raymond James & Associates now owns 234,891 shares of the company’s stock worth $7,925,000 after buying an additional 31,952 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Vontier by 18.2% in the third quarter. Sequoia Financial Advisors LLC now owns 68,368 shares of the company’s stock worth $2,307,000 after buying an additional 10,511 shares during the period. International Assets Investment Management LLC boosted its position in shares of Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Vontier by 2.3% in the third quarter. State of Alaska Department of Revenue now owns 408,390 shares of the company’s stock worth $13,778,000 after buying an additional 9,210 shares during the period. 95.83% of the stock is owned by institutional investors.

Vontier Price Performance

NYSE VNT opened at $37.76 on Friday. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The stock’s 50-day moving average is $37.67 and its two-hundred day moving average is $36.27. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The firm has a market cap of $5.61 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate 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, analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s payout ratio is presently 3.64%.

Wall Street Analysts Forecast Growth

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