Massachusetts Financial Services Co. MA Boosts Position in Vontier Co. (NYSE:VNT)

Massachusetts Financial Services Co. MA boosted its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,194,988 shares of the company's stock after purchasing an additional 243,539 shares during the period. Massachusetts Financial Services Co. MA owned about 0.80% of Vontier worth $43,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VNT. Trexquant Investment LP bought a new position in Vontier in the fourth quarter valued at about $1,104,000. Headlands Technologies LLC lifted its stake in shares of Vontier by 2,336.8% in the 4th quarter. Headlands Technologies LLC now owns 7,481 shares of the company's stock worth $273,000 after purchasing an additional 7,174 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Vontier by 5.4% in the fourth quarter. Alliancebernstein L.P. now owns 224,835 shares of the company's stock worth $8,200,000 after buying an additional 11,468 shares during the last quarter. Schroder Investment Management Group bought a new stake in Vontier during the fourth quarter valued at approximately $7,158,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Vontier by 11.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,362,463 shares of the company's stock valued at $49,689,000 after buying an additional 137,032 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

VNT has been the subject of a number of recent research reports. Barclays cut 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, March 26th. Robert W. Baird upped their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Citigroup lowered their price objective on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Vontier currently has an average rating of "Moderate Buy" and an average price target of $44.50.

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Vontier Price Performance

Shares of Vontier stock traded down $2.04 on Thursday, hitting $29.19. 261,660 shares of the company traded hands, compared to its average volume of 857,402. Vontier Co. has a 52 week low of $27.22 and a 52 week high of $42.53. The business has a 50-day simple moving average of $34.97 and a 200 day simple moving average of $36.19. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The stock has a market capitalization of $4.34 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The firm 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 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Thursday, March 6th. Vontier's dividend payout ratio (DPR) is currently 3.64%.

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.