Victory Capital Management Inc. Grows Stake in Vontier Co. (NYSE:VNT)

Victory Capital Management Inc. lifted its stake in shares of Vontier Co. (NYSE:VNT) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,403 shares of the company’s stock after purchasing an additional 1,666 shares during the period. Victory Capital Management Inc.’s holdings in Vontier were worth $1,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in Vontier by 2,814.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after acquiring an additional 272,166 shares in the last quarter. Retirement Systems of Alabama grew its stake in Vontier by 42.1% during the 4th quarter. Retirement Systems of Alabama now owns 705,740 shares of the company’s stock valued at $25,738,000 after acquiring an additional 209,227 shares in the last quarter. Jane Street Group LLC grew its stake in Vontier by 398.4% during the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after acquiring an additional 152,904 shares in the last quarter. Verition Fund Management LLC grew its stake in Vontier by 1,414.9% during the 3rd quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock valued at $5,394,000 after acquiring an additional 149,312 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Vontier by 11.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock valued at $44,246,000 after acquiring an additional 132,312 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

VNT has been the subject of several research reports. Barclays upped their price objective on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Robert W. Baird upped their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. UBS Group began coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Finally, Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.67.

Vontier Stock Performance

Shares of VNT stock opened at $33.31 on Wednesday. The firm’s 50 day moving average price is $36.94 and its 200-day moving average price is $36.38. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier Co. has a one year low of $31.22 and a one year high of $45.62. The firm has a market cap of $4.95 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last issued 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. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $776.80 million for the quarter. As a group, equities research analysts predict that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s dividend payout ratio is currently 3.64%.

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.