Hussman Strategic Advisors Inc. bought a new position in shares of Vontier Corporation (NYSE:VNT – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor bought 42,000 shares of the company’s stock, valued at approximately $1,763,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC raised its position in Vontier by 104.6% during the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock worth $176,897,000 after buying an additional 2,450,723 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Vontier by 24.5% during the second quarter. River Road Asset Management LLC now owns 3,115,850 shares of the company’s stock worth $114,975,000 after purchasing an additional 613,746 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Vontier by 81.6% during the second quarter. Franklin Resources Inc. now owns 2,824,376 shares of the company’s stock worth $104,219,000 after purchasing an additional 1,269,063 shares during the last quarter. Norges Bank acquired a new position in Vontier during the second quarter valued at $66,535,000. Finally, Russell Investments Group Ltd. boosted its holdings in Vontier by 0.5% in the second quarter. Russell Investments Group Ltd. now owns 1,557,456 shares of the company’s stock valued at $57,470,000 after purchasing an additional 7,135 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Stock Performance
NYSE VNT opened at $37.02 on Wednesday. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.52 and a beta of 1.28. The stock has a 50-day moving average of $37.10 and a 200 day moving average of $39.54. The company has a current ratio of 1.18, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $43.88.
Vontier Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th were given a $0.025 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s dividend payout ratio (DPR) is 3.66%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. KeyCorp reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Wall Street Zen raised Vontier from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vontier in a research report on Monday, December 29th. Barclays lowered their price objective on Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Finally, Robert W. Baird dropped their price objective on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and a consensus price target of $45.63.
Check Out Our Latest Analysis on Vontier
Vontier 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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