New York State Teachers Retirement System Sells 14,739 Shares of Vontier Co. (NYSE:VNT)

New York State Teachers Retirement System lowered its stake in Vontier Co. (NYSE:VNT) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 179,454 shares of the company’s stock after selling 14,739 shares during the quarter. New York State Teachers Retirement System’s holdings in Vontier were worth $6,055,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC bought a new stake in Vontier during the 1st quarter valued at $35,000. Headlands Technologies LLC purchased a new position in shares of Vontier in the first quarter valued at about $46,000. International Assets Investment Management LLC raised its stake in shares of Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after acquiring an additional 1,012 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier during the second quarter worth about $44,000. Finally, Fifth Third Bancorp grew its stake in shares of 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 purchasing an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird dropped their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Barclays raised their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Trading Up 2.5 %

Vontier stock opened at $38.01 on Wednesday. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The business’s fifty day simple moving average is $33.99 and its two-hundred day simple moving average is $36.88. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. As a group, equities analysts predict that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s dividend payout ratio is 3.83%.

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.