Vontier Co. (NYSE:VNT) Position Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in Vontier Co. (NYSE:VNT) by 11.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,598,584 shares of the company’s stock after acquiring an additional 160,830 shares during the quarter. Russell Investments Group Ltd.’s holdings in Vontier were worth $58,300,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Vontier in the 4th quarter valued at approximately $64,869,000. Allspring Global Investments Holdings LLC lifted its stake in Vontier by 2,814.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after acquiring an additional 272,166 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Vontier in the fourth quarter valued at approximately $9,363,000. Massachusetts Financial Services Co. MA grew its position in Vontier by 25.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,194,988 shares of the company’s stock worth $43,581,000 after acquiring an additional 243,539 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake 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 during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

Shares of NYSE VNT opened at $28.89 on Monday. Vontier Co. has a 12 month low of $27.78 and a 12 month high of $43.41. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The company has a market cap 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 business’s 50 day moving average is $35.86 and its two-hundred day moving average is $36.38.

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 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 expect that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports 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 research note on Thursday, December 12th. Robert W. Baird boosted their price target on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Citigroup reduced their target price on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays dropped their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, UBS Group assumed coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.