Cramer Rosenthal Mcglynn LLC reduced its stake in Vontier Corporation (NYSE:VNT – Free Report) by 5.4% during the third quarter, Holdings Channel.com reports. The fund owned 855,912 shares of the company’s stock after selling 49,309 shares during the period. Vontier makes up about 2.2% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 9th biggest position. Cramer Rosenthal Mcglynn LLC’s holdings in Vontier were worth $35,923,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised 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 purchasing an additional 273 shares during the last quarter. Quent Capital LLC bought a new position in Vontier during the third quarter worth $37,000. Steward Partners Investment Advisory LLC lifted its holdings 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 lifted its holdings in Vontier by 22.5% in the third quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock valued at $78,000 after buying an additional 340 shares during the period. Finally, Versant Capital Management Inc boosted its position in Vontier by 15.4% during the third quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock valued at $94,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Price Performance
Shares of VNT opened at $39.63 on Friday. The business’s fifty day moving average is $39.25 and its 200 day moving average is $39.62. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $48.20. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.27. The stock has a market cap of $5.61 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.56 and a beta of 1.27.
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 0.3%. Vontier’s dividend payout ratio is 3.62%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on VNT shares. Wall Street Zen raised Vontier from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Bank of America reiterated an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Vontier in a report on Friday, November 14th. Robert W. Baird set a $47.00 price target on Vontier in a research note on Thursday, February 19th. Weiss Ratings raised shares of Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Barclays lifted their price objective on shares of Vontier from $47.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.63.
Check Out Our Latest 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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