New York State Teachers Retirement System Has $5.77 Million Stake in Vontier Corporation (NYSE:VNT)

New York State Teachers Retirement System lifted its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,630 shares of the company's stock after purchasing an additional 7,547 shares during the period. New York State Teachers Retirement System owned 0.12% of Vontier worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in VNT. Norges Bank bought a new position in shares of Vontier during the fourth quarter worth approximately $64,869,000. Millennium Management LLC increased its stake in shares of Vontier by 659.9% during the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company's stock worth $31,380,000 after purchasing an additional 747,196 shares during the period. J. Goldman & Co LP bought a new position in shares of Vontier during the fourth quarter worth approximately $17,478,000. Capital World Investors increased its stake in shares of Vontier by 39.4% during the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company's stock worth $41,155,000 after purchasing an additional 318,775 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of Vontier by 821.7% during the fourth quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company's stock worth $11,731,000 after purchasing an additional 286,774 shares during the period. Institutional investors own 95.83% of the company's stock.

Vontier Price Performance

Shares of VNT stock traded up $0.05 during trading hours on Wednesday, reaching $38.28. The company's stock had a trading volume of 624,359 shares, compared to its average volume of 927,648. The firm's 50 day simple moving average is $36.18 and its 200-day simple moving average is $35.38. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 1.33 and a beta of 1.30. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.89.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. The firm had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The company's revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Sell-side analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Thursday, June 5th. Vontier's dividend payout ratio is presently 4.07%.

Insider Buying and Selling at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the sale, the senior vice president owned 88,248 shares of the company's stock, valued at $3,206,932.32. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VNT. Barclays increased their target price on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. 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. Finally, Evercore ISI increased their price target on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.83.

Vontier Company 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.