Canada Pension Plan Investment Board Takes Position in Vontier Co. (NYSE:VNT)

Canada Pension Plan Investment Board purchased a new stake in Vontier Co. (NYSE:VNT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,700 shares of the company’s stock, valued at approximately $609,000.

Several other large investors also recently bought and sold shares of VNT. River Road Asset Management LLC lifted its holdings in shares of Vontier by 6.2% in the 4th quarter. River Road Asset Management LLC now owns 2,502,132 shares of the company’s stock valued at $91,253,000 after purchasing an additional 145,574 shares during the last quarter. Norges Bank purchased a new stake in Vontier in the fourth quarter valued at approximately $64,869,000. Russell Investments Group Ltd. lifted its stake in Vontier by 11.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,598,584 shares of the company’s stock valued at $58,300,000 after buying an additional 160,830 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Vontier by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company’s stock worth $54,946,000 after acquiring an additional 30,362 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Vontier by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company’s stock worth $53,988,000 after acquiring an additional 5,355 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Up 3.5 %

NYSE VNT opened at $31.28 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $4.64 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.23 and a beta of 1.28. Vontier Co. has a 52-week low of $27.22 and a 52-week high of $41.73. The firm has a 50-day moving average price of $33.12 and a 200 day moving average price of $35.92.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $776.80 million during the quarter. Equities research analysts expect that Vontier Co. will post 3.13 EPS for the current year.

Analyst Ratings Changes

VNT has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Robert W. Baird increased their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, Barclays dropped their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Vontier has an average rating of “Moderate Buy” and an average price target of $43.17.

Vontier 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.