Bank of New York Mellon Corp Acquires 30,362 Shares of Vontier Co. (NYSE:VNT)

Bank of New York Mellon Corp lifted its holdings in Vontier Co. (NYSE:VNT - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,506,595 shares of the company's stock after buying an additional 30,362 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.00% of Vontier worth $54,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNT. International Assets Investment Management LLC grew its position in shares of Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock worth $35,000 after buying an additional 1,012 shares during the period. Van ECK Associates Corp bought a new stake in Vontier during the 3rd quarter valued at about $2,611,000. Hazlett Burt & Watson Inc. bought a new stake in Vontier during the 3rd quarter valued at about $37,000. River Road Asset Management LLC increased its stake in Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after purchasing an additional 415,750 shares in the last quarter. Finally, Foster & Motley Inc. increased its stake in Vontier by 227.8% during the 3rd quarter. Foster & Motley Inc. now owns 46,327 shares of the company's stock valued at $1,563,000 after purchasing an additional 32,193 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Wolfe Research raised shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a report on Thursday, December 12th. Robert W. Baird raised their price target on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Vontier has a consensus rating of "Moderate Buy" and an average target price of $45.43.

Remove Ads

Vontier Price Performance

NYSE:VNT traded down $0.37 during trading hours on Friday, hitting $33.60. 2,015,055 shares of the stock traded hands, compared to its average volume of 887,184. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The stock has a 50 day moving average price of $37.51 and a 200 day moving average price of $36.46.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The business had revenue of $776.80 million for the quarter. Sell-side analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, March 6th. Vontier's dividend payout ratio is currently 3.64%.

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.