Franklin Resources Inc. Decreases Stake in Vontier Co. (NYSE:VNT)

Franklin Resources Inc. lessened its position in Vontier Co. (NYSE:VNT - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,931,584 shares of the company's stock after selling 244,216 shares during the period. Franklin Resources Inc. owned approximately 5.28% of Vontier worth $289,265,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. grew its position in Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after purchasing an additional 431 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Vontier in the third quarter valued at $40,000. Farther Finance Advisors LLC grew its holdings in shares of Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after buying an additional 700 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Vontier during the fourth quarter worth about $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Vontier in the 4th quarter worth about $99,000. Institutional investors own 95.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VNT shares. Citigroup cut their price target on Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Robert W. Baird upped their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Barclays dropped their price objective on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. UBS Group initiated coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 target price for the company. Finally, Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $44.50.

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Vontier Stock Performance

NYSE:VNT traded down $3.24 during trading on Thursday, reaching $30.42. The company's stock had a trading volume of 1,202,851 shares, compared to its average volume of 846,289. Vontier Co. has a 12 month low of $30.18 and a 12 month high of $44.25. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The firm has a 50 day moving average of $36.06 and a 200-day moving average of $36.37. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

Vontier (NYSE:VNT - Get Free Report) last posted 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. The company had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Research analysts expect that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

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