Charles Schwab Investment Management Inc. boosted its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 3.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,474,988 shares of the company's stock after buying an additional 42,357 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.98% of Vontier worth $49,766,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock valued at $35,000 after acquiring an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of Vontier in the 3rd quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Vontier in the 2nd quarter worth approximately $44,000. Covestor Ltd increased its stake in shares of Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock valued at $49,000 after buying an additional 395 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Vontier by 32.0% during the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company's stock valued at $124,000 after acquiring an additional 786 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.
Vontier Stock Up 0.2 %
Shares of VNT traded up $0.08 during mid-day trading on Friday, reaching $39.26. The company had a trading volume of 675,918 shares, compared to its average volume of 934,433. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The firm has a 50-day moving average price of $36.04 and a 200 day moving average price of $36.69. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62.
Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. The business had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. On average, sell-side analysts forecast that Vontier Co. will post 2.89 EPS for the current year.
Vontier Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, November 21st. Vontier's payout ratio is 3.83%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on VNT shares. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Barclays boosted their price target on shares of Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Evercore ISI lowered their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.
Read Our Latest Stock Analysis on VNT
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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