Vontier Co. (NYSE:VNT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in shares of Vontier Co. (NYSE:VNT) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 407,565 shares of the company’s stock after selling 825 shares during the quarter. State of Alaska Department of Revenue owned 0.27% of Vontier worth $14,863,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VNT. International Assets Investment Management LLC increased its holdings in Vontier by 2,976.5% in 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. purchased a new stake in shares of Vontier in the third quarter worth about $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vontier in the third quarter valued at about $40,000. Covestor Ltd lifted its position in Vontier by 37.1% during 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. Finally, Blue Trust Inc. boosted its holdings in Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

Shares of Vontier stock opened at $38.86 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The firm’s 50-day simple moving average is $37.76 and its 200-day simple moving average is $36.17. The firm has a market cap of $5.84 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26.

Wall Street Analyst Weigh In

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

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.