Federated Hermes Inc. Raises Stock Position in Vontier Co. (NYSE:VNT)

Federated Hermes Inc. increased its holdings in shares of Vontier Co. (NYSE:VNT) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,854 shares of the company’s stock after purchasing an additional 34,494 shares during the period. Federated Hermes Inc. owned approximately 0.18% of Vontier worth $9,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC increased its holdings in Vontier by 1,985.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company’s stock valued at $36,000 after buying an additional 1,112 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Vontier by 3,355.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock valued at $45,000 after buying an additional 1,275 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Vontier by 132.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,212 shares of the company’s stock valued at $99,000 after buying an additional 1,828 shares in the last quarter. Quantbot Technologies LP purchased a new position in Vontier in the third quarter valued at $108,000. Finally, Bull Street Advisors LLC purchased a new position in Vontier in the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

VNT opened at $40.74 on Wednesday. The firm has a market capitalization of $6.30 billion, a PE ratio of 16.90, a PEG ratio of 1.17 and a beta of 1.31. Vontier Co. has a twelve month low of $26.23 and a twelve month high of $45.62. The firm’s 50-day moving average price is $42.63 and its 200 day moving average price is $36.71. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. Vontier’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. As a group, sell-side analysts expect that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s payout ratio is presently 4.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America raised shares of Vontier from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $40.00 in a report on Thursday, January 11th. Evercore ISI lifted their target price on shares of Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. UBS Group lifted their target price on shares of Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Citigroup lifted their target price on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Vontier 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.