Vontier Co. (NYSE:VNT) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Vontier Co. (NYSE:VNT) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,601 shares of the company’s stock after purchasing an additional 4,123 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vontier were worth $1,195,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VNT. FMR LLC boosted its stake in shares of Vontier by 25.8% in the third quarter. FMR LLC now owns 13,493,831 shares of the company’s stock worth $417,229,000 after buying an additional 2,767,188 shares during the last quarter. LSV Asset Management boosted its stake in shares of Vontier by 840.9% in the third quarter. LSV Asset Management now owns 971,000 shares of the company’s stock worth $30,023,000 after buying an additional 867,800 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Vontier in the third quarter worth about $17,059,000. Vanguard Group Inc. boosted its stake in shares of Vontier by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company’s stock worth $509,477,000 after buying an additional 264,884 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Vontier by 51.1% in the third quarter. Invesco Ltd. now owns 633,592 shares of the company’s stock worth $19,591,000 after buying an additional 214,353 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Performance

NYSE VNT opened at $41.21 on Friday. The company has a market cap of $6.37 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. The stock’s 50 day simple moving average is $42.75 and its 200-day simple moving average is $36.84. Vontier Co. has a 1-year low of $26.28 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.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $789.00 million for 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 business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. As a group, equities research analysts anticipate that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.025 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.24%. Vontier’s dividend payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VNT. UBS Group upped their target price on Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Citigroup increased their price target on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Bank of America upgraded Vontier from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $40.00 in a research report on Thursday, January 11th. Argus increased their price target on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Evercore ISI increased their price target on Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.00.

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.