Victory Capital Management Inc. reduced its stake in Vontier Co. (NYSE:VNT - Free Report) by 36.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,737 shares of the company's stock after selling 26,135 shares during the quarter. Victory Capital Management Inc.'s holdings in Vontier were worth $1,509,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company's stock valued at $98,011,000 after acquiring an additional 277,389 shares during the period. Mackenzie Financial Corp boosted its holdings in Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock valued at $97,078,000 after purchasing an additional 227,388 shares during the period. River Road Asset Management LLC grew its position in shares of Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock worth $79,510,000 after purchasing an additional 415,750 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Vontier by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company's stock worth $74,252,000 after purchasing an additional 44,254 shares during the period. Finally, LSV Asset Management raised its position in shares of Vontier by 3.7% in the second quarter. LSV Asset Management now owns 1,716,847 shares of the company's stock valued at $65,584,000 after buying an additional 61,526 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.
Vontier Price Performance
NYSE VNT traded down $0.07 during trading on Tuesday, hitting $38.95. 832,864 shares of the company's stock were exchanged, compared to its average volume of 810,414. The company has a market cap of $5.85 billion, a PE ratio of 14.92, a P/E/G ratio of 1.82 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The stock's 50 day moving average price is $35.70 and its two-hundred day moving average price is $36.69.
Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (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 business had revenue of $750.00 million during the quarter, compared to analysts' expectations of $729.23 million. During the same period in the prior year, the company earned $0.73 EPS. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. Research analysts expect that Vontier Co. will post 2.89 EPS for the current year.
Vontier Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier's dividend payout ratio (DPR) is 3.83%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Argus downgraded Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Robert W. Baird decreased their price target on Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Evercore ISI cut their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Finally, Barclays raised their target price on shares of Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.50.
Get Our Latest Stock Report on Vontier
Vontier Company 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.
See Also
Before you consider Vontier, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vontier wasn't on the list.
While Vontier currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
