Fmr LLC Increases Stake in Vontier Co. (NYSE:VNT)

FMR LLC lifted its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,600,823 shares of the company's stock after purchasing an additional 16,610 shares during the period. FMR LLC owned 9.72% of Vontier worth $492,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VNT. International Assets Investment Management LLC lifted its position in shares of Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock valued at $35,000 after buying an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in Vontier during the third quarter worth about $37,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Vontier in the second quarter worth about $44,000. Covestor Ltd raised its position in shares of Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock valued at $49,000 after purchasing an additional 395 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company's stock valued at $124,000 after buying an additional 786 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Price Performance

Shares of NYSE:VNT traded up $0.08 on Friday, hitting $39.26. The company's stock had a trading volume of 675,918 shares, compared to its average volume of 934,433. The company has a market capitalization of $5.90 billion, a PE ratio of 15.04, a PEG ratio of 1.83 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 company has a 50-day simple moving average of $36.04 and a 200 day simple moving average of $36.69. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating 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 the consensus estimate of $729.23 million. During the same period last year, the firm posted $0.73 earnings per share. Vontier's quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts forecast that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.25%. Vontier's dividend payout ratio (DPR) is presently 3.83%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VNT shares. Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Barclays lifted their price target on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird dropped their price objective on Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Finally, Evercore ISI reduced their target price on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Vontier presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

Vontier 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.