Amalgamated Bank Has $4.15 Million Position in Vontier Co. (NYSE:VNT)

Amalgamated Bank boosted its holdings in shares of Vontier Co. (NYSE:VNT) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,044 shares of the company’s stock after buying an additional 8,597 shares during the period. Amalgamated Bank owned approximately 0.08% of Vontier worth $4,148,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Treasurer of the State of North Carolina raised its position in Vontier by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 68,343 shares of the company’s stock valued at $2,113,000 after buying an additional 340 shares during the last quarter. Citigroup Inc. lifted its position in shares of Vontier by 1.8% during the third quarter. Citigroup Inc. now owns 27,747 shares of the company’s stock valued at $858,000 after purchasing an additional 494 shares in the last quarter. Arizona State Retirement System grew its position in Vontier by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 44,309 shares of the company’s stock worth $1,370,000 after purchasing an additional 603 shares in the last quarter. Benjamin Edwards Inc. grew its position in Vontier by 13.4% in the 4th quarter. Benjamin Edwards Inc. now owns 5,353 shares of the company’s stock worth $185,000 after purchasing an additional 634 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Vontier by 7.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 10,577 shares of the company’s stock valued at $360,000 after buying an additional 760 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup upped their target price on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 8th. Bank of America raised Vontier from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $40.00 in a research report on Thursday, January 11th. UBS Group boosted their price target on shares of Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Argus raised their price objective on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Evercore ISI boosted their target price on shares of Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Vontier Price Performance

VNT opened at $40.56 on Thursday. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.15 and a beta of 1.33. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The firm has a 50-day moving average price of $42.54 and a 200-day moving average price of $37.39. Vontier Co. has a twelve month low of $27.21 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The business had revenue of $755.80 million during the quarter, compared to analyst estimates of $754.50 million. During the same period in the previous year, the business earned $0.68 EPS. Vontier’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that Vontier Co. will post 3.15 EPS for the current year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.25%. Vontier’s dividend payout ratio is currently 3.62%.

Vontier Company 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.