Raymond James Financial Inc. Acquires Shares of 256,745 Vontier Co. (NYSE:VNT)

Raymond James Financial Inc. purchased a new stake in Vontier Co. (NYSE:VNT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 256,745 shares of the company's stock, valued at approximately $9,363,000. Raymond James Financial Inc. owned about 0.17% of Vontier at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in shares of Vontier by 2,814.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock valued at $10,164,000 after acquiring an additional 272,166 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Vontier during the 4th quarter worth approximately $508,000. Integrated Investment Consultants LLC raised its stake in shares of Vontier by 14.7% during the 4th quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock worth $2,461,000 after purchasing an additional 8,657 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Vontier in the 4th quarter valued at approximately $2,918,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Vontier by 48.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock valued at $888,000 after buying an additional 7,909 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VNT shares. Wolfe Research raised shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. Robert W. Baird upped their target price on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Citigroup reduced their price target on Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a report on Monday, January 13th. Barclays upped their price objective on Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, UBS Group started coverage on Vontier in a research note on Tuesday, December 10th. They set a "buy" rating and a $47.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Vontier has a consensus rating of "Moderate Buy" and a consensus target price of $44.67.

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Vontier Stock Performance

Shares of NYSE:VNT traded down $0.26 during trading on Tuesday, reaching $34.28. 673,459 shares of the stock were exchanged, compared to its average volume of 813,532. The firm has a market cap of $5.10 billion, a PE ratio of 12.47, a PEG ratio of 1.23 and a beta of 1.26. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The stock has a 50-day moving average price of $36.79 and a 200-day moving average price of $36.39.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million for the quarter. Research analysts expect that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Thursday, March 6th. Vontier's dividend payout ratio 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.