State of Tennessee Department of Treasury Sells 1,268 Shares of Vontier Co. (NYSE:VNT)

State of Tennessee Department of Treasury lessened its position in Vontier Co. (NYSE:VNT) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,932 shares of the company’s stock after selling 1,268 shares during the period. State of Tennessee Department of Treasury’s holdings in Vontier were worth $1,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in Vontier by 133.9% during the 3rd quarter. Barclays PLC now owns 100,836 shares of the company’s stock valued at $3,402,000 after purchasing an additional 57,728 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Vontier during the third quarter valued at approximately $40,000. Nordea Investment Management AB raised its holdings in shares of Vontier by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 179,906 shares of the company’s stock valued at $6,581,000 after acquiring an additional 9,213 shares in the last quarter. Oak Thistle LLC purchased a new stake in Vontier in the fourth quarter worth $838,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Vontier during the 4th quarter valued at $223,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VNT. Robert W. Baird upped their target price on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Citigroup lowered their price objective on Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Barclays decreased their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Vontier Stock Performance

Shares of Vontier stock opened at $31.31 on Wednesday. The firm’s 50-day moving average is $32.62 and its 200 day moving average is $35.88. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.23 and a beta of 1.28. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $41.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million for the quarter. Sell-side analysts anticipate that Vontier Co. will post 3.13 EPS for the current fiscal 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.