Van ECK Associates Corp increased its stake in Vontier Co. (NYSE:VNT - Free Report) by 94.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,253 shares of the company's stock after buying an additional 71,963 shares during the quarter. Van ECK Associates Corp owned about 0.10% of Vontier worth $5,407,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of VNT. Geode Capital Management LLC lifted its position in shares of Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock worth $86,776,000 after purchasing an additional 18,091 shares during the last quarter. River Road Asset Management LLC grew its stake in Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after purchasing an additional 415,750 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Vontier by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company's stock worth $49,766,000 after acquiring an additional 42,357 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Vontier by 11.2% during the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company's stock worth $44,246,000 after acquiring an additional 132,312 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Vontier by 7.2% during the third quarter. Royce & Associates LP now owns 1,222,833 shares of the company's stock worth $41,258,000 after purchasing an additional 81,981 shares during the period. 95.83% of the stock is currently owned by institutional investors.
Vontier Price Performance
Shares of NYSE:VNT traded down $0.87 on Friday, hitting $37.76. The company had a trading volume of 1,645,229 shares, compared to its average volume of 769,413. 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 52-week low of $31.22 and a 52-week high of $45.62. The business has a 50 day moving average of $37.71 and a 200 day moving average of $36.24. The company has a market cap of $5.61 billion, a PE ratio of 13.73, a PEG ratio of 1.28 and a beta of 1.26.
Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $776.80 million during the quarter. As a group, equities analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.
Vontier Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, March 6th. Vontier's dividend payout ratio is presently 3.64%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on VNT. UBS Group assumed coverage on Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target for the company. Robert W. Baird boosted their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday. Citigroup dropped their price target on Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Barclays upped their target price on Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Wolfe Research raised Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $45.43.
Read Our Latest Report on VNT
Vontier Profile
(
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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