Massachusetts Financial Services Co. MA Acquires 49,017 Shares of Vontier Co. (NYSE:VNT)

Massachusetts Financial Services Co. MA raised its holdings in Vontier Co. (NYSE:VNT) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 951,449 shares of the company’s stock after buying an additional 49,017 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.63% of Vontier worth $32,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VNT. Integrated Investment Consultants LLC boosted its stake in shares of Vontier by 3.5% in the 3rd quarter. Integrated Investment Consultants LLC now owns 58,823 shares of the company’s stock valued at $1,985,000 after purchasing an additional 1,962 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Vontier in the 3rd quarter valued at $573,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Vontier in the 3rd quarter valued at $344,000. King Luther Capital Management Corp boosted its stake in shares of Vontier by 1.6% in the 3rd quarter. King Luther Capital Management Corp now owns 148,783 shares of the company’s stock valued at $5,020,000 after purchasing an additional 2,293 shares in the last quarter. Finally, Banyan Capital Management Inc. boosted its stake in shares of Vontier by 2.4% in the 3rd quarter. Banyan Capital Management Inc. now owns 403,190 shares of the company’s stock valued at $13,604,000 after purchasing an additional 9,335 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

Vontier stock opened at $39.02 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The company has a market cap of $5.86 billion, a PE ratio of 14.95, a PEG ratio of 1.82 and a beta of 1.25. The company’s 50-day moving average is $35.59 and its two-hundred day moving average is $36.70.

Vontier (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier’s payout ratio is presently 3.83%.

Wall Street Analysts Forecast Growth

VNT has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Evercore ISI reduced their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Barclays upped their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.50.

About Vontier

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.