Vestmark Advisory Solutions Inc. lifted its position in shares of Vontier Corporation (NYSE:VNT – Free Report) by 130.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,178 shares of the company’s stock after buying an additional 14,805 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Vontier were worth $966,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Vontier by 39.7% during the first quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company’s stock worth $115,479,000 after acquiring an additional 999,755 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Vontier by 2.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,390,111 shares of the company’s stock valued at $111,365,000 after purchasing an additional 66,620 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Vontier by 5.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,815,287 shares of the company’s stock worth $92,483,000 after purchasing an additional 143,737 shares during the period. Nuveen LLC bought a new stake in Vontier in the first quarter worth $67,744,000. Finally, Woodline Partners LP lifted its stake in Vontier by 132.9% in the first quarter. Woodline Partners LP now owns 1,879,793 shares of the company’s stock worth $61,751,000 after purchasing an additional 1,072,683 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Price Performance
Shares of VNT stock opened at $37.94 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 1.18. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.88. The firm has a market cap of $5.51 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.44 and a beta of 1.29. The business’s 50 day moving average price is $41.39 and its 200-day moving average price is $39.12.
Vontier Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s payout ratio is currently 3.66%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on VNT. Robert W. Baird reduced their price objective on Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Argus upgraded Vontier from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, August 5th. UBS Group lifted their price target on Vontier from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. KeyCorp dropped their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Citigroup restated a “buy” rating and issued a $45.00 target price (up previously from $37.00) on shares of Vontier in a report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.
View Our Latest Analysis on VNT
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.
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