Vontier Co. (NYSE:VNT) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Vontier Co. (NYSE:VNT) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,900 shares of the company’s stock after acquiring an additional 4,900 shares during the period. Handelsbanken Fonder AB’s holdings in Vontier were worth $1,601,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Global X Japan Co. Ltd. raised its holdings in shares of Vontier by 137.7% in the 4th 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. International Assets Investment Management LLC grew its stake in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after purchasing an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Vontier in the 3rd quarter worth approximately $37,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Vontier in the 3rd quarter worth approximately $40,000. Finally, Covestor Ltd grew its position in shares of Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Up 0.2 %

Vontier stock opened at $37.98 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The business’s 50-day simple moving average is $37.64 and its 200-day simple moving average is $36.39. The firm has a market capitalization of $5.65 billion, a PE ratio of 13.81, a PEG ratio of 1.23 and a beta of 1.26. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly 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. The firm had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. Equities research analysts forecast that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently announced 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 0.26%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s payout ratio is currently 3.64%.

Analysts Set New Price Targets

Several analysts have weighed in on VNT shares. UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, December 12th. Barclays lifted their price target on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Robert W. Baird lifted their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Finally, Citigroup lowered their price target on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

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.