Pacer Advisors Inc. Reduces Stake in Vontier Co. (NYSE:VNT)

Pacer Advisors Inc. cut its stake in shares of Vontier Co. (NYSE:VNT) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,386 shares of the company’s stock after selling 13,148 shares during the period. Pacer Advisors Inc.’s holdings in Vontier were worth $816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. River Road Asset Management LLC raised its stake in Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after purchasing an additional 415,750 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Vontier by 398.4% during the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock worth $6,454,000 after acquiring an additional 152,904 shares during the last quarter. Verition Fund Management LLC grew its position in Vontier by 1,414.9% in the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock worth $5,394,000 after acquiring an additional 149,312 shares in the last quarter. Janus Henderson Group PLC grew its position in Vontier by 11.2% in the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock worth $44,246,000 after acquiring an additional 132,312 shares in the last quarter. Finally, Olstein Capital Management L.P. boosted its holdings in shares of Vontier by 50.5% in the 3rd quarter. Olstein Capital Management L.P. now owns 307,000 shares of the company’s stock worth $10,358,000 after purchasing an additional 103,000 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VNT. UBS Group initiated coverage on Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price for the company. Barclays lowered their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Citigroup decreased their target price on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.63.

Vontier Price Performance

Shares of VNT opened at $37.97 on Tuesday. The firm has a 50 day moving average of $37.80 and a 200 day moving average of $36.17. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The company has a market capitalization of $5.70 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier’s payout ratio is currently 3.83%.

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.