Principal Financial Group Inc. lessened its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 514,156 shares of the company's stock after selling 67,888 shares during the quarter. Principal Financial Group Inc. owned approximately 0.33% of Vontier worth $19,641,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Putnam Investments LLC boosted its position in shares of Vontier by 3.2% during the 4th quarter. Putnam Investments LLC now owns 7,129,037 shares of the company's stock valued at $246,308,000 after acquiring an additional 219,321 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Vontier by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company's stock valued at $79,086,000 after acquiring an additional 22,029 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Vontier by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company's stock valued at $75,935,000 after buying an additional 178,560 shares during the period. Norges Bank purchased a new stake in Vontier in the 4th quarter valued at about $60,612,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Vontier by 24.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company's stock valued at $76,898,000 after buying an additional 329,191 shares during the period. Institutional investors and hedge funds own 95.83% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on VNT shares. Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Argus downgraded Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Barclays lowered their price objective on Vontier from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI lowered their price objective on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $44.25.
Check Out Our Latest Report on Vontier
Vontier Stock Down 1.1 %
VNT traded down $0.37 on Wednesday, reaching $33.41. The company's stock had a trading volume of 1,319,628 shares, compared to its average volume of 780,631. The stock has a 50 day moving average of $36.68 and a two-hundred day moving average of $39.72. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 1.54 and a beta of 1.28. Vontier Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.62.
Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. Vontier's revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. As a group, analysts forecast that Vontier Co. will post 2.88 EPS for the current fiscal year.
Vontier Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, September 5th. Vontier's payout ratio is currently 3.62%.
Vontier Profile
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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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