Louisiana State Employees Retirement System Makes New $1.50 Million Investment in Vontier Co. (NYSE:VNT)

Louisiana State Employees Retirement System bought a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 43,300 shares of the company's stock, valued at approximately $1,496,000.

A number of other hedge funds have also recently modified their holdings of the business. Bull Street Advisors LLC bought a new stake in shares of Vontier during the 4th quarter valued at $204,000. Cerity Partners LLC bought a new stake in shares of Vontier during the 4th quarter valued at $442,000. Mutual of America Capital Management LLC boosted its holdings in shares of Vontier by 71.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company's stock valued at $5,949,000 after buying an additional 71,515 shares in the last quarter. Segment Wealth Management LLC bought a new stake in shares of Vontier during the 4th quarter valued at $900,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Vontier during the 4th quarter valued at $1,730,000. Institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

VNT has been the topic of a number of analyst reports. Argus upped their price target on shares of Vontier from $39.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. The Goldman Sachs Group upped their price target on shares of Vontier from $37.00 to $41.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. Evercore ISI upped their price target on shares of Vontier from $40.00 to $47.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. UBS Group upped their price target on shares of Vontier from $42.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Finally, Citigroup upped their price target on shares of Vontier from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Vontier Stock Performance

VNT traded down $0.37 during midday trading on Friday, hitting $39.96. 617,810 shares of the company traded hands, compared to its average volume of 722,791. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $6.18 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.31. The company's 50-day moving average is $42.46 and its 200 day moving average is $36.58. Vontier Co. has a 52 week low of $26.23 and a 52 week high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $789.00 million for the quarter, compared to analysts' expectations of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The business's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. On average, research analysts expect that Vontier Co. will post 3.15 EPS for the current year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Wednesday, March 6th. Vontier's payout ratio is currently 4.15%.

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.