Segment Wealth Management LLC purchased a new position in shares of Vontier Co. (NYSE:VNT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,060 shares of the company's stock, valued at approximately $900,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its holdings in shares of 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 period. IFP Advisors Inc lifted its holdings in Vontier by 29.1% in the second quarter. IFP Advisors Inc now owns 1,774 shares of the company's stock valued at $57,000 after acquiring an additional 400 shares during the period. HighTower Advisors LLC boosted its position in shares of Vontier by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 12,732 shares of the company's stock worth $342,000 after purchasing an additional 469 shares in the last quarter. Citigroup Inc. grew its stake in shares of Vontier by 1.8% during the 3rd quarter. Citigroup Inc. now owns 27,747 shares of the company's stock worth $858,000 after purchasing an additional 494 shares during the period. Finally, Benjamin Edwards Inc. increased its holdings in shares of Vontier by 20.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,110 shares of the company's stock valued at $100,000 after purchasing an additional 525 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Bank of America upgraded shares of Vontier from a "neutral" rating to a "buy" rating and upped their target price for the stock from $37.00 to $40.00 in a research report on Thursday, January 11th. Evercore ISI upped their price target on Vontier from $40.00 to $47.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. The Goldman Sachs Group lifted their price objective on Vontier from $37.00 to $41.00 and gave the stock a "neutral" rating in a report on Tuesday, February 20th. UBS Group upped their target price on Vontier from $42.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 16th. Finally, Citigroup lifted their price target on Vontier from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.00.
Read Our Latest Stock Report on VNT
Vontier Price Performance
Shares of NYSE:VNT traded down $0.78 during trading on Wednesday, reaching $41.98. The company had a trading volume of 665,329 shares, compared to its average volume of 800,419. The firm's fifty day moving average is $41.81 and its 200 day moving average is $36.04. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.39. The firm has a market capitalization of $6.46 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.26 and a beta of 1.31. Vontier Co. has a twelve month low of $26.14 and a twelve month high of $45.62.
Vontier (NYSE:VNT - Get Free Report) last released its 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. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $780.92 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that Vontier Co. will post 3.15 EPS for the current year.
Vontier Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 6th. Vontier's payout ratio is 4.15%.
Vontier Profile
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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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