California Public Employees Retirement System Sells 29,917 Shares of Vontier Co. (NYSE:VNT)

California Public Employees Retirement System cut its holdings in shares of Vontier Co. (NYSE:VNTGet Rating) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,208 shares of the company’s stock after selling 29,917 shares during the period. California Public Employees Retirement System’s holdings in Vontier were worth $6,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Vontier by 10.7% during the second quarter. Principal Financial Group Inc. now owns 636,839 shares of the company’s stock worth $14,641,000 after acquiring an additional 61,490 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Vontier by 19.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,910 shares of the company’s stock valued at $757,000 after purchasing an additional 5,350 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Vontier by 311.0% in the second quarter. Lazard Asset Management LLC now owns 4,500 shares of the company’s stock valued at $103,000 after purchasing an additional 3,405 shares in the last quarter. Ceera Investments LLC lifted its holdings in shares of Vontier by 2.2% in the second quarter. Ceera Investments LLC now owns 145,675 shares of the company’s stock valued at $3,349,000 after purchasing an additional 3,155 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Vontier in the second quarter valued at about $3,477,000. 93.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Vontier news, SVP Kathryn K. Rowen purchased 1,500 shares of the stock in a transaction on Friday, November 4th. The shares were purchased at an average price of $17.44 per share, with a total value of $26,160.00. Following the completion of the transaction, the senior vice president now directly owns 79,259 shares in the company, valued at $1,382,276.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Mark D. Morelli bought 2,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were bought at an average price of $17.42 per share, with a total value of $34,840.00. Following the completion of the transaction, the chief executive officer now owns 346,424 shares of the company’s stock, valued at $6,034,706.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathryn K. Rowen bought 1,500 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $17.44 per share, for a total transaction of $26,160.00. Following the transaction, the senior vice president now directly owns 79,259 shares of the company’s stock, valued at approximately $1,382,276.96. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Vontier Stock Performance

VNT opened at $19.40 on Thursday. Vontier Co. has a 52-week low of $16.55 and a 52-week high of $33.50. The firm has a market capitalization of $3.07 billion, a PE ratio of 7.21 and a beta of 1.35. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.10 and a current ratio of 1.53. The business’s 50-day simple moving average is $18.49 and its 200 day simple moving average is $22.21.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, November 30th. Vontier’s dividend payout ratio (DPR) is presently 3.72%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Credit Suisse Group cut their price target on Vontier from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Barclays cut their price target on Vontier from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, October 3rd. Citigroup cut their price target on Vontier from $29.00 to $23.00 in a report on Monday, October 10th. Finally, The Goldman Sachs Group cut their price target on Vontier from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Vontier Profile

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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