Federated Hermes Inc. Buys 45,673 Shares of Vontier Co. (NYSE:VNT)

Federated Hermes Inc. lifted its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 354,923 shares of the company's stock after purchasing an additional 45,673 shares during the period. Federated Hermes Inc. owned 0.24% of Vontier worth $12,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VNT. Global X Japan Co. Ltd. increased its position in Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after buying an additional 431 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Vontier in the 3rd quarter worth about $40,000. Farther Finance Advisors LLC boosted its holdings in Vontier by 44.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after purchasing an additional 700 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Vontier during the 4th quarter worth approximately $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Vontier during the fourth quarter worth approximately $99,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VNT. Citigroup reduced their price objective on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday. Barclays reduced their price target on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, Robert W. Baird raised their target price on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vontier currently has a consensus rating of "Moderate Buy" and an average target price of $43.17.

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Vontier Trading Up 1.0 %

Shares of Vontier stock traded up $0.32 on Tuesday, reaching $30.58. 171,639 shares of the company's stock were exchanged, compared to its average volume of 862,597. Vontier Co. has a 52 week low of $27.22 and a 52 week high of $42.04. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The company has a market capitalization of $4.55 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. The firm's 50-day moving average is $34.47 and its two-hundred day moving average is $36.14.

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

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 6th. Vontier's dividend payout ratio is currently 3.64%.

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.