Allspring Global Investments Holdings LLC Buys 10,038 Shares of Vontier Co. (NYSE:VNT)

Allspring Global Investments Holdings LLC boosted its stake in shares of Vontier Co. (NYSE:VNT) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,988 shares of the company’s stock after buying an additional 10,038 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vontier were worth $3,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Vontier by 4.4% in the fourth quarter. Quadrant Capital Group LLC now owns 7,919 shares of the company’s stock worth $274,000 after acquiring an additional 335 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Vontier by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 68,343 shares of the company’s stock worth $2,113,000 after buying an additional 340 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Vontier by 2.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 17,250 shares of the company’s stock valued at $596,000 after acquiring an additional 350 shares during the period. Citigroup Inc. lifted its stake in shares of Vontier by 1.8% during the 3rd quarter. Citigroup Inc. now owns 27,747 shares of the company’s stock worth $858,000 after purchasing an additional 494 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in Vontier during the first quarter valued at about $27,000. Institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VNT shares. Citigroup raised their target price on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Argus raised their price target on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Vontier has an average rating of “Moderate Buy” and an average price target of $45.00.

Vontier Price Performance

Shares of VNT traded up $0.27 during mid-day trading on Tuesday, hitting $38.16. 90,816 shares of the company were exchanged, compared to its average volume of 741,340. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.23 and a current ratio of 1.57. Vontier Co. has a 1-year low of $28.84 and a 1-year high of $45.62. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The company has a 50 day moving average of $39.68 and a 200-day moving average of $39.25.

Vontier (NYSE:VNT) last released its earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $755.80 million for the quarter, compared to the consensus estimate of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. Analysts expect that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 3.62%.

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.