Massachusetts Financial Services Co. MA trimmed its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,166,834 shares of the company's stock after selling 28,154 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.79% of Vontier worth $38,330,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Vontier during the fourth quarter valued at about $508,000. Raymond James Financial Inc. bought a new stake in shares of Vontier during the 4th quarter valued at about $9,363,000. HighTower Advisors LLC lifted its position in shares of Vontier by 14.4% during the 4th quarter. HighTower Advisors LLC now owns 20,881 shares of the company's stock valued at $762,000 after buying an additional 2,633 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after acquiring an additional 700 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Vontier during the 4th quarter worth approximately $225,000. 95.83% of the stock is owned by institutional investors.
Vontier Stock Performance
Shares of Vontier stock traded down $0.36 on Monday, reaching $38.08. 621,107 shares of the stock were exchanged, compared to its average volume of 937,600. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.89. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $40.99. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.34 and a beta of 1.30. The business has a 50 day moving average price of $36.80 and a two-hundred day moving average price of $35.44.
Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. The business had revenue of $741.10 million during the quarter, compared to analysts' expectations of $723.06 million. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The business's revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. Analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.
Vontier Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's dividend payout ratio (DPR) is currently 4.07%.
Analyst Ratings Changes
A number of research analysts have recently commented on VNT shares. Evercore ISI increased their target price on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Barclays increased their price target on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Citigroup reaffirmed a "buy" rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a report on Monday, July 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.33.
View Our Latest Report on VNT
Insiders Place Their Bets
In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction 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 sale, the senior vice president owned 88,248 shares in the company, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.97% of the company's stock.
About Vontier
(
Free Report)
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.
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