Oppenheimer Asset Management Inc. Has $888,000 Position in Vontier Co. (NYSE:VNT)

Oppenheimer Asset Management Inc. boosted its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 48.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,342 shares of the company's stock after buying an additional 7,909 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Vontier were worth $888,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock valued at $86,776,000 after purchasing an additional 18,091 shares during the period. River Road Asset Management LLC grew its stake in shares of Vontier by 21.4% in the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after buying an additional 415,750 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Vontier by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company's stock valued at $54,946,000 after buying an additional 30,362 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Vontier by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company's stock valued at $49,766,000 after buying an additional 42,357 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of Vontier by 5.4% in the 4th quarter. Truist Financial Corp now owns 1,415,317 shares of the company's stock valued at $51,617,000 after buying an additional 72,787 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

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Vontier Stock Performance

Shares of VNT stock traded down $0.37 during trading hours on Friday, reaching $33.60. 2,015,055 shares of the company's stock were exchanged, compared to its average volume of 887,184. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The stock has a market capitalization of $5.00 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.23 and a beta of 1.26. The business has a fifty day moving average price of $37.51 and a 200-day moving average price of $36.46. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. Analysts predict that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. Vontier's payout ratio is 3.64%.

Analysts Set New Price Targets

Several equities research analysts recently commented on VNT shares. Robert W. Baird boosted their price target on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Barclays boosted their price target on Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. UBS Group began coverage on Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target for the company. Wolfe Research raised Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research report on Thursday, December 12th. Finally, Citigroup decreased their target price on Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Two equities research 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.43.

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.