Raymond James & Associates Buys 31,952 Shares of Vontier Co. (NYSE:VNT)

Raymond James & Associates increased its position in Vontier Co. (NYSE:VNT - Free Report) by 15.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,891 shares of the company's stock after acquiring an additional 31,952 shares during the quarter. Raymond James & Associates owned about 0.15% of Vontier worth $7,925,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Vontier by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company's stock valued at $98,011,000 after purchasing an additional 277,389 shares during the last quarter. Mackenzie Financial Corp increased its position in Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock valued at $97,078,000 after purchasing an additional 227,388 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Vontier by 2.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company's stock valued at $74,252,000 after purchasing an additional 44,254 shares during the period. LSV Asset Management increased its position in Vontier by 3.7% during the 2nd quarter. LSV Asset Management now owns 1,716,847 shares of the company's stock valued at $65,584,000 after purchasing an additional 61,526 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Vontier by 24.1% during 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 purchasing an additional 329,191 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VNT has been the topic of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Barclays reduced their price objective on shares of Vontier from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Monday, August 5th. Finally, Evercore ISI reduced their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Vontier currently has a consensus rating of "Moderate Buy" and an average price target of $44.25.

Vontier Stock Up 8.8 %

Shares of VNT stock traded up $3.00 during mid-day trading on Thursday, reaching $37.08. 1,674,792 shares of the company's stock traded hands, compared to its average volume of 793,938. Vontier Co. has a 12 month low of $29.16 and a 12 month high of $45.62. The company has a market cap of $5.70 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.50 and a beta of 1.27. 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's 50-day moving average price is $33.91 and its 200-day moving average price is $36.98.

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

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier's payout ratio is 3.62%.

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.