Vanguard Group Inc. lessened its stake in Vontier Corporation (NYSE:VNT – Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,752,845 shares of the company’s stock after selling 144,149 shares during the quarter. Vanguard Group Inc. owned 0.12% of Vontier worth $622,871,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of Vontier in the 3rd quarter valued at about $37,000. Allworth Financial LP increased its holdings in shares of Vontier by 212.9% in the 3rd quarter. Allworth Financial LP now owns 948 shares of the company’s stock valued at $40,000 after purchasing an additional 645 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Vontier in the 3rd quarter valued at about $58,000. Farther Finance Advisors LLC increased its holdings in shares of Vontier by 22.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock valued at $78,000 after purchasing an additional 340 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Vontier by 5,897.1% in the 3rd quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $88,000 after purchasing an additional 2,064 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Stock Performance
Vontier stock opened at $35.16 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a fifty day moving average of $37.22 and a two-hundred day moving average of $37.94. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.35 and a beta of 1.24. Vontier Corporation has a fifty-two week low of $32.47 and a fifty-two week high of $48.20.
Vontier Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 5th. Vontier’s payout ratio is currently 3.62%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on VNT shares. KeyCorp raised their target price on shares of Vontier from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Wall Street Zen upgraded shares of Vontier from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Robert W. Baird dropped their target price on shares of Vontier from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Weiss Ratings downgraded shares of Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Finally, Barclays reduced their target price on Vontier from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.50.
Check Out Our Latest Stock Analysis on Vontier
Vontier Company Profile
Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.
The company’s diversified portfolio spans several well-known brands.
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