Vontier Co. (NYSE:VNT) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp raised its stake in shares of Vontier Co. (NYSE:VNT) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,816 shares of the company’s stock after buying an additional 1,033 shares during the period. King Luther Capital Management Corp owned approximately 0.10% of Vontier worth $5,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNT. Allspring Global Investments Holdings LLC increased its stake in shares of Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after acquiring an additional 272,166 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Vontier in the fourth quarter valued at $9,363,000. Retirement Systems of Alabama boosted its stake in Vontier by 42.1% during the fourth quarter. Retirement Systems of Alabama now owns 705,740 shares of the company’s stock valued at $25,738,000 after buying an additional 209,227 shares in the last quarter. Jane Street Group LLC boosted its stake in Vontier by 398.4% during the third quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after buying an additional 152,904 shares in the last quarter. Finally, Verition Fund Management LLC grew its holdings in Vontier by 1,414.9% during the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock worth $5,394,000 after acquiring an additional 149,312 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Vontier Trading Down 0.0 %

Shares of NYSE VNT opened at $32.60 on Wednesday. The firm has a market capitalization of $4.85 billion, a PE ratio of 11.85, a PEG ratio of 1.23 and a beta of 1.26. Vontier Co. has a one year low of $31.22 and a one year high of $45.62. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The business has a 50-day moving average price of $37.30 and a two-hundred day moving average price of $36.45.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. As a group, analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.31%. Vontier’s payout ratio is 3.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VNT shares. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, December 12th. Barclays upped their price target on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Citigroup reduced their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Finally, Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.43.

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.