BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,700 shares of the company's stock, valued at approximately $944,000.
Several other institutional investors and hedge funds have also recently modified their holdings of VNT. Rise Advisors LLC acquired a new stake in Vontier in the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Vontier in the 1st quarter valued at $30,000. Riverview Trust Co purchased a new stake in Vontier in the 1st quarter worth $33,000. Benjamin F. Edwards & Company Inc. acquired a new position in Vontier during the fourth quarter worth $35,000. Finally, ORG Partners LLC purchased a new position in Vontier during the first quarter valued at $35,000. Hedge funds and other institutional investors own 95.83% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on VNT shares. Argus cut shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Evercore ISI cut their price objective on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Barclays reduced their target price on Vontier from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Finally, Robert W. Baird dropped their price target on Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Vontier has a consensus rating of "Moderate Buy" and a consensus price target of $44.25.
Check Out Our Latest Stock Report on Vontier
Vontier Trading Down 3.6 %
Vontier stock traded down $1.25 during trading on Tuesday, reaching $33.78. 1,384,741 shares of the company were exchanged, compared to its average volume of 777,442. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The stock's 50 day simple moving average is $36.77 and its two-hundred day simple moving average is $39.77. The company has a market capitalization of $5.19 billion, a P/E ratio of 12.16, a PEG ratio of 1.54 and a beta of 1.28. Vontier Co. has a 52-week low of $28.84 and a 52-week high of $45.62.
Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The firm had revenue of $696.40 million for the quarter, compared to analyst estimates of $746.43 million. During the same period in the previous year, the firm posted $0.67 EPS. The company's revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts expect that Vontier Co. will post 2.88 earnings per share for the current fiscal year.
Vontier Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. Vontier's dividend payout ratio is currently 3.62%.
About Vontier
(
Free Report)
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.
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