Vontier Co. (NYSE:VNT) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Vontier Co. (NYSE:VNT) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,790 shares of the company’s stock after selling 2,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vontier were worth $1,790,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in Vontier in the fourth quarter valued at approximately $35,000. International Assets Investment Management LLC boosted its position in Vontier by 3,355.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock valued at $45,000 after buying an additional 1,275 shares during the last quarter. Principal Securities Inc. purchased a new stake in Vontier in the fourth quarter valued at approximately $50,000. CWM LLC boosted its position in Vontier by 78.9% in the fourth quarter. CWM LLC now owns 1,911 shares of the company’s stock valued at $66,000 after buying an additional 843 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Vontier by 13.4% in the fourth quarter. Benjamin Edwards Inc. now owns 5,353 shares of the company’s stock valued at $185,000 after buying an additional 634 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Up 0.9 %

Vontier stock opened at $39.54 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21. Vontier Co. has a 12 month low of $28.84 and a 12 month high of $45.62. The stock’s 50 day simple moving average is $39.92 and its two-hundred day simple moving average is $39.01. The firm has a market cap of $6.10 billion, a PE ratio of 14.33, a P/E/G ratio of 1.15 and a beta of 1.31.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. Analysts anticipate that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, June 6th. Vontier’s payout ratio is 3.62%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Argus upped their target price on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Citigroup upped their target price on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.