Capital World Investors Buys 318,775 Shares of Vontier Co. (NYSE:VNT)

Capital World Investors boosted its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 39.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,128,451 shares of the company's stock after acquiring an additional 318,775 shares during the quarter. Capital World Investors owned 0.75% of Vontier worth $41,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Global X Japan Co. Ltd. grew its position in Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after acquiring an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Vontier during the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC grew its position in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after acquiring an additional 700 shares during the last quarter. Covestor Ltd grew its position in Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after acquiring an additional 976 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Vontier during the 4th quarter worth approximately $98,000. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VNT has been the topic of several recent research reports. Citigroup reduced their price target on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird lifted their price objective on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Finally, Barclays cut their price objective on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. 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 stock has an average rating of "Moderate Buy" and an average target price of $43.17.

Vontier Stock Up 0.1 %

Shares of VNT traded up $0.02 on Friday, reaching $31.31. The stock had a trading volume of 672,959 shares, compared to its average volume of 882,831. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth 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 company has a 50-day simple moving average of $32.94 and a 200-day simple moving average of $35.94. Vontier Co. has a 12-month low of $27.22 and a 12-month high of $41.73.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. Sell-side analysts predict that Vontier Co. will post 3.13 EPS for the current year.

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.