State of Tennessee Department of Treasury Sells 1,268 Shares of Vontier Co. (NYSE:VNT)

State of Tennessee Department of Treasury lessened its holdings in Vontier Co. (NYSE:VNT) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,932 shares of the company’s stock after selling 1,268 shares during the period. State of Tennessee Department of Treasury’s holdings in Vontier were worth $1,639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VNT. Barclays PLC lifted 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 purchasing an additional 57,728 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Vontier during the 3rd quarter valued at approximately $40,000. Nordea Investment Management AB boosted its stake in Vontier by 5.4% in 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 during the period. Oak Thistle LLC purchased a new stake in Vontier during the 4th quarter valued at approximately $838,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Vontier in the fourth quarter worth $223,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vontier Price Performance

NYSE:VNT opened at $31.31 on Wednesday. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The business has a 50 day simple moving average of $32.62 and a 200-day simple moving average of $35.88. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $41.73.

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

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.