Marshall Wace LLP Acquires Shares of 39,217 Vontier Co. (NYSE:VNT)

Marshall Wace LLP purchased a new position in Vontier Co. (NYSE:VNT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 39,217 shares of the company's stock, valued at approximately $1,430,000.

Several other institutional investors also recently modified their holdings of VNT. River Road Asset Management LLC increased its stake in Vontier by 6.2% during the 4th quarter. River Road Asset Management LLC now owns 2,502,132 shares of the company's stock valued at $91,253,000 after purchasing an additional 145,574 shares in the last quarter. Norges Bank bought a new stake in Vontier during the 4th quarter valued at about $64,869,000. Russell Investments Group Ltd. increased its stake in Vontier by 11.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,598,584 shares of the company's stock valued at $58,300,000 after purchasing an additional 160,830 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Vontier by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company's stock valued at $54,946,000 after purchasing an additional 30,362 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Vontier by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company's stock valued at $53,988,000 after purchasing an additional 5,355 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

Shares of VNT stock traded up $0.38 during trading hours on Thursday, reaching $32.19. The company had a trading volume of 1,515,589 shares, compared to its average volume of 888,855. The business has a fifty day moving average price of $32.50 and a 200-day moving average price of $35.86. 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 firm has a market cap of $4.77 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. Vontier Co. has a one year low of $27.22 and a one year high of $41.61.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. The firm had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. Sell-side analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VNT shares. Robert W. Baird raised their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Barclays reduced their price target on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Citigroup reduced their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, April 14th. 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, Vontier presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.17.

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.