Crossmark Global Holdings Inc. grew its holdings in shares of Vontier Corporation (NYSE:VNT – Free Report) by 618.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,009 shares of the company’s stock after acquiring an additional 65,430 shares during the period. Crossmark Global Holdings Inc.’s holdings in Vontier were worth $3,190,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of VNT. Royal Bank of Canada boosted its holdings in Vontier by 2.9% in the first quarter. Royal Bank of Canada now owns 47,039 shares of the company’s stock valued at $1,545,000 after purchasing an additional 1,304 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Vontier by 42.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 386,140 shares of the company’s stock worth $12,685,000 after purchasing an additional 115,740 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Vontier by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 583,565 shares of the company’s stock worth $19,170,000 after purchasing an additional 62,040 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Vontier by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 355,890 shares of the company’s stock worth $13,132,000 after purchasing an additional 20,516 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Vontier by 32.2% in the 2nd quarter. Atria Investments Inc now owns 16,113 shares of the company’s stock valued at $595,000 after purchasing an additional 3,921 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.
Vontier Price Performance
Shares of VNT opened at $38.43 on Friday. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $48.20. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.47 and a beta of 1.27. The stock has a 50 day moving average of $39.26 and a 200-day moving average of $39.57.
Vontier Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 5th. Vontier’s dividend payout ratio is 3.62%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on VNT. KeyCorp increased their target price on Vontier from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings raised shares of Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Robert W. Baird set a $47.00 price objective on shares of Vontier in a research note on Thursday, February 19th. Barclays raised their price objective on shares of Vontier from $47.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Vontier from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.63.
Get Our Latest Stock Analysis on VNT
Vontier Profile
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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