Amalgamated Bank trimmed its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 24.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,397 shares of the company's stock after selling 23,503 shares during the quarter. Amalgamated Bank's holdings in Vontier were worth $2,476,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in VNT. Massachusetts Financial Services Co. MA increased its position in shares of Vontier by 305.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company's stock worth $34,473,000 after buying an additional 679,651 shares during the period. Stanley Capital Management LLC purchased a new stake in shares of Vontier in the second quarter valued at about $17,954,000. Eldred Rock Partners LLC purchased a new stake in Vontier during the second quarter worth about $14,613,000. Price T Rowe Associates Inc. MD increased its holdings in Vontier by 24.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company's stock worth $76,898,000 after buying an additional 329,191 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company's stock worth $98,011,000 after purchasing an additional 277,389 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Evercore ISI cut their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Barclays boosted their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird decreased their target price on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.50.
Check Out Our Latest Analysis on Vontier
Vontier Stock Down 1.9 %
Vontier stock traded down $0.76 during trading hours on Tuesday, reaching $39.59. The stock had a trading volume of 251,831 shares, compared to its average volume of 798,830. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The business's 50 day moving average price is $34.48 and its 200-day moving average price is $36.86.
Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million for the quarter, compared to analysts' expectations of $729.23 million. During the same quarter last year, the company earned $0.73 EPS. The business's revenue was down 2.0% on a year-over-year basis. Sell-side analysts anticipate that Vontier Co. will post 2.89 EPS for the current year.
Vontier Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier's dividend payout ratio is presently 3.83%.
Vontier Profile
(
Free Report)
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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