Russell Investments Group Ltd. Trims Stake in Vontier Co. (NYSE:VNT)

Russell Investments Group Ltd. cut its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,298,046 shares of the company's stock after selling 76,288 shares during the period. Russell Investments Group Ltd. owned about 0.84% of Vontier worth $44,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VNT. Olstein Capital Management L.P. purchased a new stake in shares of Vontier in the 4th quarter worth approximately $3,662,000. Assenagon Asset Management S.A. purchased a new stake in Vontier during the fourth quarter worth $2,192,000. Mutual of America Capital Management LLC increased its holdings in shares of Vontier by 71.0% in 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 acquiring an additional 71,515 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Vontier by 89.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company's stock worth $1,678,000 after acquiring an additional 25,632 shares in the last quarter. Finally, Segment Wealth Management LLC purchased a new stake in shares of Vontier during the 4th quarter worth $900,000. 95.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VNT. Bank of America upgraded shares of Vontier from a "neutral" rating to a "buy" rating and raised their price target for the company from $37.00 to $40.00 in a report on Thursday, January 11th. Citigroup increased their price objective on Vontier from $45.00 to $51.00 and gave the company a "buy" rating in a report on Monday, April 8th. Evercore ISI upped their target price on Vontier from $40.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. The Goldman Sachs Group raised their price target on Vontier from $37.00 to $41.00 and gave the stock a "neutral" rating in a report on Tuesday, February 20th. Finally, Argus upped their price objective on shares of Vontier from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

Vontier Stock Performance

Shares of Vontier stock traded down $0.89 on Tuesday, reaching $40.63. 684,971 shares of the stock were exchanged, compared to its average volume of 758,238. Vontier Co. has a twelve month low of $26.65 and a twelve month high of $45.62. The business has a 50 day moving average price of $42.76 and a two-hundred day moving average price of $36.99. 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 $6.28 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.20 and a beta of 1.31.

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 analysts' consensus estimates of $0.78 by $0.02. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The firm's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. Analysts anticipate that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Announces Dividend

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