Nuveen Asset Management LLC Has $115.25 Million Stake in Vontier Co. (NYSE:VNT)

Nuveen Asset Management LLC lessened its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 20.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,160,018 shares of the company's stock after selling 790,278 shares during the period. Nuveen Asset Management LLC owned approximately 2.10% of Vontier worth $115,246,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its holdings in shares of Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after buying an additional 431 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Vontier during the fourth quarter worth approximately $73,000. Farther Finance Advisors LLC lifted its holdings in shares of Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after buying an additional 700 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after buying an additional 976 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Vontier during the fourth quarter worth approximately $98,000. Institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on VNT. Barclays boosted their price target on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup dropped their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company 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 company a "neutral" rating in a report on Tuesday, February 18th. Finally, Evercore ISI boosted their target price on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $44.83.

Insider Transactions at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the completion of the transaction, the senior vice president now owns 88,248 shares in the company, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.97% of the company's stock.

Vontier Price Performance

Shares of NYSE VNT traded down $0.34 during trading on Tuesday, reaching $36.62. The company had a trading volume of 865,038 shares, compared to its average volume of 902,995. Vontier Co. has a 52 week low of $27.22 and a 52 week high of $41.61. The stock has a market cap of $5.42 billion, a PE ratio of 13.32, a PEG ratio of 1.23 and a beta of 1.29. 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 business's 50 day moving average price is $32.47 and its 200-day moving average price is $35.90.

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

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. Vontier's payout ratio is currently 4.07%.

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.