WINTON GROUP Ltd purchased a new stake in shares of Vontier Corporation (NYSE:VNT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 169,332 shares of the company’s stock, valued at approximately $4,911,000. WINTON GROUP Ltd owned approximately 0.13% of Vontier at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Engineers Gate Manager LP raised its position in shares of Vontier by 1,707.8% during the second quarter. Engineers Gate Manager LP now owns 268,044 shares of the company’s stock worth $7,773,000 after acquiring an additional 253,217 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Vontier during the 2nd quarter worth about $39,000. IFP Advisors Inc raised its holdings in Vontier by 131.1% during the 2nd quarter. IFP Advisors Inc now owns 3,628 shares of the company’s stock worth $105,000 after purchasing an additional 2,058 shares during the last quarter. Nykredit A S acquired a new position in Vontier during the 2nd quarter valued at about $225,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Vontier in the 2nd quarter valued at about $1,841,000. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Stock Performance
Shares of VNT stock opened at $31.25 on Friday. Vontier Corporation has a 12 month low of $27.25 and a 12 month high of $48.20. The company’s fifty day simple moving average is $31.89 and its 200-day simple moving average is $32.94. The firm has a market cap of $4.23 billion, a PE ratio of 12.97, a P/E/G ratio of 1.09 and a beta of 1.13. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.33.
Vontier Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, September 3rd. Vontier’s dividend payout ratio is presently 4.15%.
Vontier declared that its board has authorized a share buyback plan on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 25.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Analyst Ratings Changes
Several analysts have commented on the stock. Robert W. Baird set a $39.00 target price on shares of Vontier in a research report on Friday, August 7th. Weiss Ratings raised Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Wolfe Research reissued an “outperform” rating and issued a $43.00 target price on shares of Vontier in a research note on Thursday, July 9th. Finally, KeyCorp raised their target price on Vontier from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.
Read Our Latest Stock Report on VNT
About Vontier
Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.
The company’s diversified portfolio spans several well-known brands.
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