Handelsbanken Fonder AB Has $1.60 Million Holdings in Vontier Co. (NYSE:VNT)

Handelsbanken Fonder AB grew its stake in shares of Vontier Co. (NYSE:VNT) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,900 shares of the company’s stock after acquiring an additional 4,900 shares during the period. Handelsbanken Fonder AB’s holdings in Vontier were worth $1,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNT. Global X Japan Co. Ltd. raised its position in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after buying an additional 431 shares in the last quarter. International Assets Investment Management LLC grew 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 worth $35,000 after buying an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of Vontier during the third quarter worth $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vontier during the third quarter worth $40,000. Finally, Covestor Ltd grew its stake in shares of Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after purchasing an additional 395 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Price Performance

VNT stock opened at $37.98 on Wednesday. The firm has a market cap of $5.65 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.23 and a beta of 1.26. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The firm’s fifty day moving average is $37.64 and its 200 day moving average is $36.39.

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

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s dividend payout ratio (DPR) is presently 3.64%.

Analysts Set New Price Targets

VNT has been the topic of several analyst reports. Barclays boosted their price objective on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Citigroup dropped their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird upped their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. UBS Group started coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Wolfe Research raised 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

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.