Vontier Co. (NYSE:VNT) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in Vontier Co. (NYSE:VNT - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,540,329 shares of the company's stock after buying an additional 20,649 shares during the quarter. Mackenzie Financial Corp owned approximately 1.71% of Vontier worth $92,646,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its holdings in Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after purchasing an additional 431 shares during the period. Lazard Asset Management LLC acquired a new position in Vontier in the 4th quarter worth about $73,000. Farther Finance Advisors LLC raised its holdings in Vontier by 44.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after purchasing an additional 700 shares during the period. Covestor Ltd raised its holdings in Vontier by 66.8% in the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after purchasing an additional 976 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in Vontier in the 4th quarter worth about $98,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Insider Activity at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president now owns 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.97% of the company's stock.

Vontier Price Performance

Shares of Vontier stock traded down $0.43 during mid-day trading on Friday, reaching $35.66. 213,368 shares of the stock traded hands, compared to its average volume of 910,656. The business has a 50-day moving average of $32.83 and a 200 day moving average of $35.76. Vontier Co. has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The stock has a market capitalization of $5.27 billion, a PE ratio of 12.97, a PEG ratio of 1.23 and a beta of 1.29. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $741.10 million during the quarter, compared to analysts' expectations of $723.06 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The business's revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a $0.025 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. Vontier's dividend payout ratio is presently 4.07%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Robert W. Baird upped their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Evercore ISI increased their target price on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Barclays increased their target price on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Citigroup reduced their target price on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Vontier currently has an average rating of "Moderate Buy" and an average price target of $44.83.

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.