Vontier Co. (NYSE:VNT) Position Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in Vontier Co. (NYSE:VNT - Free Report) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 951,449 shares of the company's stock after buying an additional 49,017 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.63% of Vontier worth $32,102,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VNT. Integrated Investment Consultants LLC boosted its holdings in Vontier by 3.5% in the 3rd quarter. Integrated Investment Consultants LLC now owns 58,823 shares of the company's stock worth $1,985,000 after acquiring an additional 1,962 shares during the period. Foundry Partners LLC purchased a new position in shares of Vontier in the third quarter valued at $573,000. Landscape Capital Management L.L.C. acquired a new stake in Vontier during the 3rd quarter valued at $344,000. King Luther Capital Management Corp increased its stake in Vontier by 1.6% during the 3rd quarter. King Luther Capital Management Corp now owns 148,783 shares of the company's stock worth $5,020,000 after buying an additional 2,293 shares during the period. Finally, Banyan Capital Management Inc. lifted its holdings in Vontier by 2.4% in the 3rd quarter. Banyan Capital Management Inc. now owns 403,190 shares of the company's stock worth $13,604,000 after buying an additional 9,335 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on VNT. Evercore ISI cut their price target on Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Barclays increased their target price on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Robert W. Baird dropped their price target on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Vontier Stock Performance

Shares of NYSE:VNT traded down $0.07 on Tuesday, reaching $38.95. 832,864 shares of the company's stock were exchanged, compared to its average volume of 810,414. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The business's 50-day moving average is $35.70 and its two-hundred day moving average is $36.69. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.82 and a beta of 1.25.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to analysts' expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier's revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities research analysts forecast that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier's payout ratio is currently 3.83%.

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.