Global X Japan Co. Ltd. Grows Stake in Vontier Co. (NYSE:VNT)

Global X Japan Co. Ltd. grew its holdings in shares of Vontier Co. (NYSE:VNT) by 137.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 744 shares of the company’s stock after acquiring an additional 431 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Vontier were worth $27,000 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 the business. Wedge Capital Management L L P NC boosted its holdings in Vontier by 18.5% in the third quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock valued at $12,623,000 after acquiring an additional 58,362 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Vontier by 14.7% in the 4th quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after purchasing an additional 8,657 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Vontier during the 4th quarter valued at about $223,000. Holocene Advisors LP purchased a new position in shares of Vontier during the third quarter valued at about $1,349,000. Finally, SG Americas Securities LLC raised its stake in Vontier by 6.6% in the third quarter. SG Americas Securities LLC now owns 31,860 shares of the company’s stock worth $1,075,000 after buying an additional 1,965 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Trading Down 1.1 %

NYSE VNT opened at $38.40 on Friday. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The stock’s fifty day moving average price is $37.75 and its 200-day moving average price is $36.19. The stock has a market cap of $5.77 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.75 and a beta of 1.26.

Analyst Ratings Changes

Several analysts have weighed in on VNT shares. Barclays cut their price objective on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup dropped their price target on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. UBS Group assumed coverage on Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average target price of $44.63.

About Vontier

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.