PGGM Investments Has $4.77 Million Holdings in Vontier Co. (NYSE:VNT)

PGGM Investments boosted its holdings in Vontier Co. (NYSE:VNT) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 138,155 shares of the company’s stock after acquiring an additional 1,559 shares during the quarter. PGGM Investments’ holdings in Vontier were worth $4,773,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VNT. FMR LLC boosted its stake in shares of Vontier by 25.8% during the third quarter. FMR LLC now owns 13,493,831 shares of the company’s stock valued at $417,229,000 after purchasing an additional 2,767,188 shares in the last quarter. LSV Asset Management boosted its stake in shares of Vontier by 840.9% during the third quarter. LSV Asset Management now owns 971,000 shares of the company’s stock valued at $30,023,000 after purchasing an additional 867,800 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Vontier during the third quarter valued at about $17,059,000. Vanguard Group Inc. boosted its stake in shares of Vontier by 1.6% during the third quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company’s stock valued at $509,477,000 after purchasing an additional 264,884 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Vontier by 51.1% during the third quarter. Invesco Ltd. now owns 633,592 shares of the company’s stock valued at $19,591,000 after purchasing an additional 214,353 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Trading Up 1.1 %

NYSE VNT opened at $41.22 on Monday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.20 and a beta of 1.31. Vontier Co. has a 52 week low of $26.28 and a 52 week high of $45.62. The business has a 50 day moving average price of $42.75 and a 200-day moving average price of $36.91. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 2.44.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $780.92 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. Vontier’s revenue was down 9.5% compared to the same quarter last year. As a group, equities analysts expect that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Wednesday, March 6th. Vontier’s payout ratio is currently 4.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VNT. Argus lifted their price target on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Citigroup lifted their price objective on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Bank of America upgraded Vontier from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $40.00 in a report on Thursday, January 11th. UBS Group lifted their target price on Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, The Goldman Sachs Group lifted their target price on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Vontier Company 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.