Fox Run Management L.L.C. bought a new stake in Vontier Corporation (NYSE:VNT – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm bought 18,491 shares of the company’s stock, valued at approximately $776,000.
A number of other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in Vontier by 39.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the period. Quent Capital LLC bought a new stake in Vontier in the third quarter worth approximately $37,000. Steward Partners Investment Advisory LLC lifted its stake in Vontier by 29.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock valued at $56,000 after buying an additional 338 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Vontier by 22.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock worth $78,000 after buying an additional 340 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Vontier by 15.4% during the 3rd quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock worth $94,000 after buying an additional 299 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.
Vontier Stock Up 0.9%
Shares of NYSE VNT opened at $41.04 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.16 and a quick ratio of 0.90. The company has a 50-day moving average price of $39.00 and a 200-day moving average price of $39.67. The stock has a market capitalization of $5.81 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.56 and a beta of 1.28. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $48.20.
Vontier Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, March 5th. This represents a $0.10 annualized dividend and a yield of 0.2%. Vontier’s dividend payout ratio is 3.62%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. KeyCorp upped their price objective on shares of Vontier from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Barclays raised their target price on Vontier from $47.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Bank of America reaffirmed an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Vontier in a research report on Friday, November 14th. Finally, Wall Street Zen upgraded Vontier from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.63.
Get Our Latest Stock Analysis on VNT
Vontier Company 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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