CX Institutional grew its stake in shares of Vontier Corporation (NYSE:VNT – Free Report) by 873,980.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 349,632 shares of the company’s stock after purchasing an additional 349,592 shares during the quarter. CX Institutional’s holdings in Vontier were worth $10,978,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Vontier during the 2nd quarter worth approximately $388,315,000. Franklin Resources Inc. grew its position in Vontier by 11.1% in the fourth quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company’s stock valued at $215,774,000 after acquiring an additional 577,914 shares in the last quarter. River Road Asset Management LLC grew its position in Vontier by 6.7% in the fourth quarter. River Road Asset Management LLC now owns 3,298,671 shares of the company’s stock valued at $122,645,000 after acquiring an additional 206,157 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vontier by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,662,699 shares of the company’s stock valued at $99,020,000 after purchasing an additional 16,587 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Vontier by 34.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,616,618 shares of the company’s stock valued at $97,286,000 after purchasing an additional 671,738 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Stock Up 0.0%
Shares of Vontier stock traded up $0.01 on Friday, hitting $31.70. 1,212,337 shares of the company’s stock traded hands, compared to its average volume of 1,455,457. The stock has a market cap of $4.29 billion, a P/E ratio of 13.15, a PEG ratio of 1.08 and a beta of 1.13. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.33. The firm’s 50-day moving average is $32.50 and its 200 day moving average is $32.12. Vontier Corporation has a 52-week low of $27.25 and a 52-week high of $48.20.
Vontier Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were given a $0.0250 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s payout ratio is presently 4.15%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Robert W. Baird set a $39.00 price target on shares of Vontier in a research note on Friday, August 7th. Wolfe Research reiterated an “outperform” rating and issued a $43.00 price objective on shares of Vontier in a report on Thursday, July 9th. Finally, KeyCorp upped their price objective on shares of Vontier from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vontier presently has a consensus rating of “Hold” and a consensus price target of $41.00.
Check Out Our Latest Report on VNT
Vontier Company Profile
Vontier Corporation (NYSE: VNT) is a global technology company that provides solutions for mobility, transportation, and vehicle repair. Its products and services help businesses manage fueling and convenience-retail operations, monitor vehicle fleets, process transactions, and improve the efficiency and safety of automotive service facilities.
Vontier’s portfolio includes well-known brands such as Gilbarco and Veeder-Root, which provide fuel dispensers, payment systems, automation technology, and fuel-management solutions; Teletrac Navman, which offers fleet-management and telematics services; and Matco Tools, which supplies professional tools, equipment, and related services to automotive technicians.
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