Pacer Advisors Inc. Sells 13,148 Shares of Vontier Co. (NYSE:VNT)

Pacer Advisors Inc. trimmed its position in shares of Vontier Co. (NYSE:VNT) by 37.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,386 shares of the company’s stock after selling 13,148 shares during the quarter. Pacer Advisors Inc.’s holdings in Vontier were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after purchasing an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new position in shares of Vontier during the third quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vontier during the third quarter valued at approximately $40,000. Covestor Ltd boosted its holdings in shares of Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the period. Finally, Blue Trust Inc. grew its stake in Vontier by 10.9% in the third quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Analyst Ratings Changes

VNT has been the subject of a number of research analyst reports. Citigroup lowered their target price on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays dropped their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Finally, Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.63.

Vontier Trading Down 1.5 %

Shares of Vontier stock opened at $37.97 on Tuesday. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The stock has a market cap of $5.70 billion, a P/E ratio of 14.55, a P/E/G ratio of 1.73 and a beta of 1.26. The stock’s 50 day simple moving average is $37.80 and its 200-day simple moving average is $36.17. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier’s payout ratio is 3.83%.

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.