Allspring Global Investments Holdings LLC Has $326,000 Stock Position in Vontier Co. (NYSE:VNT)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Vontier Co. (NYSE:VNT) by 87.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,670 shares of the company’s stock after selling 69,094 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vontier were worth $326,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VNT. Massachusetts Financial Services Co. MA increased its stake in shares of Vontier by 305.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock worth $34,473,000 after purchasing an additional 679,651 shares during the last quarter. Stanley Capital Management LLC acquired a new position in shares of Vontier during the 2nd quarter worth $17,954,000. Eldred Rock Partners LLC acquired a new position in shares of Vontier during the 2nd quarter worth $14,613,000. Price T Rowe Associates Inc. MD increased its stake in shares of Vontier by 24.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock worth $76,898,000 after purchasing an additional 329,191 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Vontier by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after purchasing an additional 277,389 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE VNT opened at $36.96 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.26. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.63 and a beta of 1.24. The company’s fifty day moving average is $33.95 and its two-hundred day moving average is $36.92. Vontier Co. has a 52-week low of $29.99 and a 52-week high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Equities research analysts forecast that Vontier Co. will post 2.88 EPS for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. Vontier’s dividend payout ratio (DPR) is currently 3.83%.

Analysts Set New Price Targets

VNT has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Barclays lowered their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Evercore ISI lowered their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Three 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 stock currently has an average rating of “Moderate Buy” and an average price target of $44.25.

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.