Vontier Co. (NYSE:VNT) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its stake in Vontier Co. (NYSE:VNT - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,595,092 shares of the company's stock after selling 102,576 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.06% of Vontier worth $58,174,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of VNT. Barclays PLC grew its position in Vontier by 133.9% during the third quarter. Barclays PLC now owns 100,836 shares of the company's stock valued at $3,402,000 after acquiring an additional 57,728 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier during the 3rd quarter worth about $40,000. Nordea Investment Management AB increased its position in Vontier by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 179,906 shares of the company's stock worth $6,581,000 after purchasing an additional 9,213 shares in the last quarter. Oak Thistle LLC acquired a new stake in Vontier during the 4th quarter worth approximately $838,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Vontier in the fourth quarter valued at approximately $223,000. Institutional investors and hedge funds own 95.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Barclays lowered their price target on Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Citigroup cut their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.17.

Vontier Stock Up 1.2 %

NYSE VNT traded up $0.38 during mid-day trading on Thursday, reaching $32.19. 1,515,589 shares of the company's stock traded hands, compared to its average volume of 888,855. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a 1-year low of $27.22 and a 1-year high of $41.61. The company has a fifty day simple moving average of $32.50 and a 200-day simple moving average of $35.86. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.23 and a beta of 1.28.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. The business 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 business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. As a group, equities research analysts expect that Vontier Co. will post 3.13 EPS for the current year.

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.