Van ECK Associates Corp Makes New $2.61 Million Investment in Vontier Co. (NYSE:VNT)

Van ECK Associates Corp bought a new stake in Vontier Co. (NYSE:VNT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 76,290 shares of the company's stock, valued at approximately $2,611,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Vontier during the first quarter valued at about $46,000. International Assets Investment Management LLC raised its holdings in Vontier by 2,976.5% in the 3rd 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Vontier in the 2nd quarter worth approximately $44,000. Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 786 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Vontier by 15.8% during the second quarter. Blue Trust Inc. now owns 3,761 shares of the company's stock valued at $144,000 after purchasing an additional 513 shares during the period. 95.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Evercore ISI decreased their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Robert W. Baird lowered their target price on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Finally, Barclays lifted their price objective on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Three 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Vontier Price Performance

Vontier stock traded up $0.29 on Monday, reaching $40.34. The company's stock had a trading volume of 732,223 shares, compared to its average volume of 801,339. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.87 and a beta of 1.25. 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 fifty day moving average price is $34.37 and its 200 day moving average price is $36.86.

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

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier's dividend payout ratio (DPR) is presently 3.83%.

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.