Royce & Associates LP Grows Stock Position in Vontier Co. (NYSE:VNT)

Royce & Associates LP raised its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,347,259 shares of the company's stock after purchasing an additional 124,426 shares during the period. Royce & Associates LP owned 0.90% of Vontier worth $49,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. grew its position in Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vontier during the third quarter worth $40,000. Farther Finance Advisors LLC grew its holdings in shares of Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after buying an additional 700 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Vontier in the 4th quarter valued at $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Vontier in the 4th quarter worth $99,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

VNT has been the topic of several research analyst reports. Wolfe Research upgraded 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. Robert W. Baird upped their target price on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Barclays raised their price target on shares of Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. UBS Group initiated coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price objective on the stock. Finally, Citigroup reduced their target price on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.67.

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Vontier Stock Performance

VNT traded down $0.48 on Thursday, reaching $33.85. The stock had a trading volume of 970,410 shares, compared to its average volume of 812,673. The business's 50-day moving average price is $36.91 and its two-hundred day moving average price is $36.36. The company has a market cap of $5.03 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. 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 (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates 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. Sell-side analysts forecast that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

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

About Vontier

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.