Elo Mutual Pension Insurance Co Makes New $399,000 Investment in Vontier Co. (NYSE:VNT)

Elo Mutual Pension Insurance Co acquired a new stake in Vontier Co. (NYSE:VNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,932 shares of the company’s stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VNT. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Vontier by 147.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,369 shares of the company’s stock valued at $378,000 after acquiring an additional 6,177 shares during the last quarter. Heron Bay Capital Management raised its holdings in shares of Vontier by 0.7% in the 4th quarter. Heron Bay Capital Management now owns 750,908 shares of the company’s stock valued at $27,386,000 after purchasing an additional 5,426 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Vontier in the 4th quarter valued at about $730,000. KLP Kapitalforvaltning AS acquired a new stake in Vontier in the 4th quarter valued at about $1,145,000. Finally, Sei Investments Co. grew its holdings in Vontier by 17.2% during the fourth quarter. Sei Investments Co. now owns 238,606 shares of the company’s stock worth $8,702,000 after purchasing an additional 34,996 shares during the period. 95.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VNT has been the subject of a number of recent analyst reports. Barclays cut their price objective on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Robert W. Baird raised their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Citigroup decreased their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. Finally, UBS Group started coverage on shares of Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Vontier Stock Down 2.3 %

VNT stock opened at $32.77 on Monday. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. 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 stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.23 and a beta of 1.26. The business’s fifty day moving average price is $36.53 and its two-hundred day moving average price is $36.43.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The business had revenue of $776.80 million for the quarter. On average, equities analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a $0.025 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. Vontier’s payout ratio is 3.64%.

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.