Public Employees Retirement System of Ohio Lowers Holdings in Vontier Co. (NYSE:VNT)

Public Employees Retirement System of Ohio reduced its stake in shares of Vontier Co. (NYSE:VNT) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,026 shares of the company’s stock after selling 5,318 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Vontier were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its holdings in Vontier by 305.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock valued at $34,473,000 after acquiring an additional 679,651 shares during the last quarter. Stanley Capital Management LLC bought a new stake in shares of Vontier in the second quarter worth about $17,954,000. River Road Asset Management LLC lifted its position in shares of Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after buying an additional 415,750 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vontier by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock valued at $98,011,000 after buying an additional 277,389 shares during the last quarter. Finally, F M Investments LLC purchased a new position in Vontier during the 2nd quarter valued at approximately $9,877,000. Institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Citigroup increased their price objective on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, December 12th. Barclays increased their price target on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Argus cut Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.44.

Vontier Stock Down 3.3 %

Shares of NYSE VNT opened at $38.14 on Wednesday. The company has a market cap of $5.73 billion, a P/E ratio of 14.61, a PEG ratio of 1.85 and a beta of 1.24. The firm has a 50-day simple moving average of $37.40 and a two-hundred day simple moving average of $36.59. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. Vontier’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. Research analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Thursday, November 21st. Vontier’s payout ratio is presently 3.83%.

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.