Private Management Group Inc. Has $26.40 Million Stake in Vontier Co. (NYSE:VNT)

Private Management Group Inc. reduced its stake in Vontier Co. (NYSE:VNT) by 36.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 764,005 shares of the company’s stock after selling 430,565 shares during the quarter. Private Management Group Inc.’s holdings in Vontier were worth $26,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VNT. Olstein Capital Management L.P. bought a new stake in shares of Vontier in the fourth quarter valued at about $3,662,000. Assenagon Asset Management S.A. bought a new stake in Vontier in the 4th quarter valued at approximately $2,192,000. Mutual of America Capital Management LLC boosted its position in Vontier by 71.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock worth $5,949,000 after acquiring an additional 71,515 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Vontier by 89.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock worth $1,678,000 after acquiring an additional 25,632 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new stake in shares of Vontier in the fourth quarter valued at approximately $900,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Citigroup increased their price target on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Bank of America raised Vontier from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $40.00 in a research report on Thursday, January 11th. Argus increased their price objective on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Vontier Price Performance

NYSE:VNT traded up $0.56 during trading hours on Tuesday, reaching $40.74. 554,206 shares of the company were exchanged, compared to its average volume of 773,042. The business has a 50 day moving average of $42.63 and a 200 day moving average of $36.71. Vontier Co. has a 1-year low of $26.23 and a 1-year high of $45.62. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08. The company has a market capitalization of $6.30 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.17 and a beta of 1.31.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $780.92 million. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. Research analysts forecast that Vontier Co. will post 3.15 EPS for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Wednesday, March 6th. Vontier’s dividend payout ratio (DPR) is presently 4.15%.

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.