Vontier Co. (NYSE:VNT) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 7.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,677,717 shares of the company's stock after purchasing an additional 109,933 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.09% of Vontier worth $64,089,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of Vontier during the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in Vontier during the first quarter worth $30,000. Riverview Trust Co purchased a new stake in Vontier in the 1st quarter valued at $33,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Vontier in the 4th quarter worth $35,000. Finally, ORG Partners LLC acquired a new stake in shares of Vontier in the 1st quarter worth $35,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VNT. Evercore ISI dropped their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Barclays decreased their price objective on Vontier from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, August 5th. Finally, Argus cut Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vontier currently has an average rating of "Moderate Buy" and an average target price of $44.25.

Vontier Trading Up 0.7 %

Shares of VNT traded up $0.26 during midday trading on Friday, hitting $35.03. 1,885,156 shares of the stock were exchanged, compared to its average volume of 773,828. Vontier Co. has a 52-week low of $28.84 and a 52-week high of $45.62. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The stock has a fifty day simple moving average of $36.85 and a 200 day simple moving average of $39.77. The firm has a market cap of $5.41 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.54 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08). The firm had revenue of $696.40 million for the quarter, compared to analysts' expectations of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business's revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. On average, research analysts anticipate that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be paid a $0.025 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. Vontier's dividend payout ratio (DPR) is 3.62%.

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.