State Street Corp Has $158.52 Million Stake in Vontier Co. (NYSE:VNT)

State Street Corp decreased its position in Vontier Co. (NYSE:VNT - Free Report) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,698,407 shares of the company's stock after selling 50,383 shares during the period. State Street Corp owned approximately 3.13% of Vontier worth $158,524,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VNT. International Assets Investment Management LLC grew its stake in Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock valued at $35,000 after acquiring an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in shares of Vontier in the 3rd quarter valued at approximately $37,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Vontier in the 2nd quarter valued at approximately $44,000. Covestor Ltd increased its stake in Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company's stock worth $49,000 after purchasing an additional 395 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company's stock worth $124,000 after buying an additional 786 shares during the period. Institutional investors own 95.83% of the company's stock.

Vontier Stock Down 0.8 %

NYSE VNT traded down $0.31 during trading hours on Friday, hitting $39.60. 763,777 shares of the company traded hands, compared to its average volume of 786,689. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The business's 50-day moving average is $37.18 and its 200-day moving average is $36.64. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.87 and a beta of 1.24. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. During the same quarter in the prior year, the firm posted $0.73 EPS. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. Vontier's payout ratio is 3.83%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 report on Thursday. Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Evercore ISI dropped their price target on Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Citigroup upped their price objective on Vontier from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Barclays lifted their target price on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.44.

Vontier Company 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.