River Road Asset Management LLC raised its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,502,132 shares of the company's stock after purchasing an additional 145,574 shares during the period. Vontier accounts for 1.2% of River Road Asset Management LLC's holdings, making the stock its 25th biggest position. River Road Asset Management LLC owned about 1.67% of Vontier worth $91,253,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. King Luther Capital Management Corp lifted its holdings in Vontier by 0.7% during the fourth quarter. King Luther Capital Management Corp now owns 149,816 shares of the company's stock valued at $5,464,000 after purchasing an additional 1,033 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vontier by 13.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,503 shares of the company's stock valued at $1,404,000 after purchasing an additional 4,425 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Vontier by 18.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 9,149 shares of the company's stock valued at $334,000 after purchasing an additional 1,438 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Vontier during the fourth quarter valued at $9,363,000. Finally, Proficio Capital Partners LLC purchased a new position in Vontier during the fourth quarter valued at $508,000. 95.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on VNT. Citigroup decreased their price target on shares of Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. UBS Group initiated coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price objective for the company. Robert W. Baird lifted their price target on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target for the company in a research report on Thursday, December 12th. Finally, Barclays lifted their price objective on shares of Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $45.43.
Get Our Latest Stock Report on Vontier
Vontier Stock Down 2.2 %
Vontier stock traded down $0.74 during trading on Thursday, reaching $32.06. The stock had a trading volume of 1,208,034 shares, compared to its average volume of 937,976. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62. The business has a 50 day moving average price of $37.15 and a 200 day moving average price of $36.39. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The stock has a market cap of $4.77 billion, a PE ratio of 11.66, a P/E/G ratio of 1.23 and a beta of 1.26.
Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. On average, analysts predict that Vontier Co. will post 3.13 EPS for the current year.
Vontier Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.31%. Vontier's dividend payout ratio (DPR) is 3.64%.
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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