Capital World Investors Buys 318,775 Shares of Vontier Co. (NYSE:VNT)

Capital World Investors boosted its stake in Vontier Co. (NYSE:VNT) by 39.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,128,451 shares of the company’s stock after acquiring an additional 318,775 shares during the quarter. Capital World Investors’ holdings in Vontier were worth $41,155,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Foundry Partners LLC lifted its stake in shares of Vontier by 1.9% in the 4th quarter. Foundry Partners LLC now owns 17,304 shares of the company’s stock valued at $631,000 after acquiring an additional 324 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Vontier by 5.0% in the 4th quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company’s stock worth $257,000 after purchasing an additional 338 shares in the last quarter. Bailard Inc. raised its position in Vontier by 0.6% in the fourth quarter. Bailard Inc. now owns 61,207 shares of the company’s stock valued at $2,232,000 after purchasing an additional 356 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake 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 valued at $27,000 after purchasing an additional 431 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Vontier by 2.8% during the fourth quarter. Advisory Services Network LLC now owns 16,184 shares of the company’s stock worth $590,000 after purchasing an additional 439 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VNT. Barclays dropped 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, March 26th. Robert W. Baird lifted their price target on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Finally, Citigroup decreased their price objective on Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Vontier currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Vontier Stock Down 2.4 %

Shares of NYSE VNT opened at $29.33 on Tuesday. The company’s 50 day moving average price is $33.64 and its 200-day moving average price is $36.02. 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 52-week low of $27.22 and a 52-week high of $41.73. The company has a market capitalization of $4.35 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 business had revenue of $776.80 million for the quarter. Equities analysts forecast that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier 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.