Sei Investments Co. Buys 34,996 Shares of Vontier Co. (NYSE:VNT)

Sei Investments Co. boosted its position in Vontier Co. (NYSE:VNT) by 17.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,606 shares of the company’s stock after buying an additional 34,996 shares during the period. Sei Investments Co. owned approximately 0.16% of Vontier worth $8,702,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. raised its position in shares of Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after purchasing an additional 431 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Vontier during the 3rd quarter valued at $40,000. Farther Finance Advisors LLC lifted its stake in shares of Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after buying an additional 700 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Vontier in the fourth quarter valued at $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Vontier during the fourth quarter valued at about $99,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VNT has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Barclays cut their target price on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Finally, Citigroup reduced their target price 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Trading Down 2.3 %

Shares of Vontier stock opened at $32.77 on Monday. The stock has a fifty day moving average price of $36.53 and a 200-day moving average price of $36.43. 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 firm has a market cap of $4.87 billion, a PE ratio of 11.92, a P/E/G ratio of 1.23 and a beta of 1.26. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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. Equities research analysts anticipate that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. Vontier’s dividend payout ratio is presently 3.64%.

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.