KBC Group NV Increases Position in Vontier Co. (NYSE:VNT)

KBC Group NV raised its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 574.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,488 shares of the company's stock after acquiring an additional 74,510 shares during the period. KBC Group NV owned approximately 0.06% of Vontier worth $3,191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VNT. Geode Capital Management LLC lifted its stake in shares of Vontier by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock worth $86,776,000 after acquiring an additional 18,091 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Vontier by 21.4% during the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock worth $79,510,000 after purchasing an additional 415,750 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Vontier by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company's stock valued at $49,766,000 after purchasing an additional 42,357 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Vontier by 11.2% in the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company's stock worth $44,246,000 after purchasing an additional 132,312 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Vontier by 7.2% in the 3rd quarter. Royce & Associates LP now owns 1,222,833 shares of the company's stock worth $41,258,000 after buying an additional 81,981 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Wolfe Research raised Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Citigroup decreased their target price on Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $44.63.

Vontier Stock Up 0.4 %

NYSE VNT traded up $0.16 during midday trading on Tuesday, hitting $38.11. 400,314 shares of the company traded hands, compared to its average volume of 583,369. The company has a market cap of $5.72 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The company's 50-day simple moving average is $37.78 and its 200-day simple moving average is $36.16.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier's dividend payout ratio (DPR) is presently 3.83%.

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.