Corebridge Financial Inc. Lowers Stock Position in Vontier Co. (NYSE:VNT)

Corebridge Financial Inc. lowered its position in Vontier Co. (NYSE:VNT) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,953 shares of the company’s stock after selling 11,810 shares during the period. Corebridge Financial Inc. owned about 0.11% of Vontier worth $6,198,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Global X Japan Co. Ltd. raised its holdings in 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier in the third quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its stake in shares of Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after buying an additional 700 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of Vontier during the 4th quarter valued at approximately $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Vontier in the 4th quarter valued at $99,000. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Stock Down 2.3 %

Shares of NYSE:VNT opened at $32.77 on Friday. The stock has a 50-day simple moving average of $36.53 and a 200-day simple moving average of $36.40. The stock has a market capitalization of $4.87 billion, a P/E ratio of 11.92, a PEG ratio of 1.23 and a beta of 1.26. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. 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 (NYSE:VNT) last posted 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. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.31%. Vontier’s dividend payout ratio is presently 3.64%.

Analyst Ratings Changes

A number of research firms have weighed in on VNT. Barclays reduced their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Wolfe Research raised 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. Finally, Citigroup cut their target price on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.