Barclays PLC Acquires 57,728 Shares of Vontier Co. (NYSE:VNT)

Barclays PLC raised its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 133.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,836 shares of the company's stock after buying an additional 57,728 shares during the quarter. Barclays PLC owned about 0.07% of Vontier worth $3,402,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wedge Capital Management L L P NC lifted its position in Vontier by 18.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company's stock valued at $12,623,000 after acquiring an additional 58,362 shares during the period. Stanley Capital Management LLC bought a new position in shares of Vontier during the second quarter valued at approximately $17,954,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Vontier during the second quarter valued at approximately $1,060,000. Mackenzie Financial Corp boosted its position in shares of Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock worth $97,078,000 after purchasing an additional 227,388 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Vontier by 1.6% in the 2nd quarter. New York State Teachers Retirement System now owns 194,193 shares of the company's stock worth $7,418,000 after buying an additional 3,003 shares during the last quarter. Institutional investors own 95.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They set a "buy" rating and a $47.00 price objective for the company. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Barclays upped their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, Citigroup raised their price objective on shares of Vontier from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.44.

Vontier Stock Performance

NYSE VNT traded up $0.29 during trading hours on Tuesday, hitting $37.11. The company's stock had a trading volume of 182,333 shares, compared to its average volume of 819,182. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company's 50 day simple moving average is $37.61 and its two-hundred day simple moving average is $36.52. 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 company has a market cap of $5.57 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. As a group, sell-side analysts expect that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. Vontier's dividend payout ratio (DPR) is currently 3.83%.

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.