Teachers Retirement System of The State of Kentucky Trims Stock Position in Vontier Co. (NYSE:VNT)

Teachers Retirement System of The State of Kentucky cut its position in Vontier Co. (NYSE:VNT) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,440 shares of the company’s stock after selling 1,350 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vontier were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in Vontier by 2,976.5% in the third 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. bought a new position in shares of Vontier in the 3rd quarter worth $37,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier during the 2nd quarter valued at $44,000. Covestor Ltd lifted its holdings in shares of 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 during the last quarter. Finally, Fifth Third Bancorp grew its position in Vontier by 32.0% in the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock worth $124,000 after acquiring an additional 786 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VNT has been the subject of several research analyst reports. Citigroup lifted their price target on Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. Barclays lifted their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. UBS Group assumed coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.44.

Vontier Stock Down 3.3 %

Shares of NYSE:VNT opened at $38.14 on Wednesday. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62. The firm has a market capitalization of $5.73 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.85 and a beta of 1.24. The stock has a 50 day moving average price of $37.40 and a 200-day moving average price of $36.59. 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 (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same period in the prior year, the firm earned $0.73 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

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