Vontier Co. (NYSE:VNT) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd reduced its holdings in Vontier Co. (NYSE:VNT - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 347,108 shares of the company's stock after selling 23,163 shares during the period. Marathon Asset Management Ltd owned about 0.23% of Vontier worth $12,659,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Vontier by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock valued at $86,776,000 after acquiring an additional 18,091 shares in the last quarter. River Road Asset Management LLC raised its stake in Vontier by 21.4% in the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after purchasing an additional 415,750 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Vontier by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company's stock valued at $54,946,000 after purchasing an additional 30,362 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Vontier by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company's stock worth $49,766,000 after purchasing an additional 42,357 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Vontier by 5.4% during the fourth quarter. Truist Financial Corp now owns 1,415,317 shares of the company's stock worth $51,617,000 after buying an additional 72,787 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target for the company. Barclays raised their target price on Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Robert W. Baird boosted their price target on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research report on Thursday, December 12th. Finally, Citigroup decreased their target price on shares of Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Vontier Stock Performance

Shares of Vontier stock traded down $0.97 during trading hours on Thursday, hitting $33.91. 1,325,635 shares of the company were exchanged, compared to its average volume of 860,857. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The business has a 50-day moving average of $37.58 and a 200-day moving average of $36.47. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, analysts expect that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Thursday, March 6th. Vontier's dividend payout ratio 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.