Rathbones Group PLC trimmed its position in Vontier Corporation (NYSE:VNT – Free Report) by 8.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 284,567 shares of the company’s stock after selling 27,525 shares during the period. Rathbones Group PLC owned 0.19% of Vontier worth $10,501,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in VNT. Brooklyn Investment Group grew its position in shares of Vontier by 586.2% in the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company’s stock worth $28,000 after buying an additional 721 shares during the period. Parkside Financial Bank & Trust lifted its position in Vontier by 39.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Vontier by 75.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock worth $45,000 after acquiring an additional 529 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Vontier in the second quarter worth about $53,000. Finally, Summit Securities Group LLC purchased a new stake in Vontier in the first quarter worth about $64,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Stock Performance
VNT stock opened at $38.00 on Monday. The stock’s 50 day simple moving average is $41.49 and its 200 day simple moving average is $39.07. The company has a current ratio of 1.18, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.88. The stock has a market capitalization of $5.51 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29.
Vontier Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier’s payout ratio is 3.66%.
Wall Street Analyst Weigh In
VNT has been the subject of several recent research reports. Citigroup reiterated a “buy” rating and set a $45.00 target price (up from $37.00) on shares of Vontier in a report on Monday, July 14th. Evercore ISI reiterated an “outperform” rating on shares of Vontier in a research note on Tuesday, August 19th. Barclays dropped their target price on Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Vontier in a research note on Wednesday, October 8th. Finally, Argus raised Vontier from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, August 5th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.63.
Check Out Our Latest Research Report on Vontier
Vontier Company 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.
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