Clark Estates Inc. NY Invests $3.06 Million in Vontier Co. (NYSE:VNT)

Clark Estates Inc. NY purchased a new position in shares of Vontier Co. (NYSE:VNT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 83,841 shares of the company’s stock, valued at approximately $3,058,000. Clark Estates Inc. NY owned about 0.06% of Vontier as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. River Road Asset Management LLC lifted its holdings in Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after buying an additional 415,750 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after purchasing an additional 272,166 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in Vontier by 42.1% in the fourth quarter. Retirement Systems of Alabama now owns 705,740 shares of the company’s stock worth $25,738,000 after purchasing an additional 209,227 shares during the period. Jane Street Group LLC increased its stake in Vontier by 398.4% during the third quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after purchasing an additional 152,904 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of Vontier by 1,414.9% during the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock worth $5,394,000 after purchasing an additional 149,312 shares during the period. 95.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. UBS Group started coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price for the company. Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Citigroup cut their price target on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Wolfe Research upgraded 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.43.

Vontier Stock Down 4.1 %

VNT opened at $34.72 on Wednesday. The stock’s 50 day moving average price is $37.62 and its 200 day moving average price is $36.48. 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 stock has a market cap of $5.16 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.23 and a beta of 1.26. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (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 return on equity of 43.22% and a net margin of 14.17%. As a group, research analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

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. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Thursday, March 6th. Vontier’s dividend payout ratio (DPR) is presently 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.