Vontier Co. (NYSE:VNT) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,854 shares of the company's stock after acquiring an additional 34,494 shares during the quarter. Federated Hermes Inc. owned about 0.18% of Vontier worth $9,496,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. FinTrust Capital Advisors LLC grew its stake in Vontier by 1,985.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company's stock worth $36,000 after buying an additional 1,112 shares during the last quarter. International Assets Investment Management LLC increased its position in Vontier by 3,355.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,313 shares of the company's stock valued at $45,000 after acquiring an additional 1,275 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in shares of Vontier by 132.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,212 shares of the company's stock worth $99,000 after acquiring an additional 1,828 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Vontier in the 3rd quarter valued at approximately $108,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Vontier by 122.9% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,111 shares of the company's stock worth $192,000 after buying an additional 3,369 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group upped their price target on Vontier from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Evercore ISI boosted their target price on Vontier from $40.00 to $47.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Argus upped their price objective on shares of Vontier from $39.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Bank of America upgraded shares of Vontier from a "neutral" rating to a "buy" rating and increased their price target for the stock from $37.00 to $40.00 in a research report on Thursday, January 11th. Finally, The Goldman Sachs Group boosted their price objective 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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Vontier Trading Down 1.1 %

Shares of VNT traded down $0.45 during trading hours on Wednesday, hitting $40.31. 461,392 shares of the stock traded hands, compared to its average volume of 769,100. Vontier Co. has a 1-year low of $26.23 and a 1-year high of $45.62. The business has a fifty day moving average of $42.63 and a 200-day moving average of $36.71. The firm has a market capitalization of $6.23 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.17 and a beta of 1.31. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $780.92 million. Vontier had a return on equity of 60.00% and a net margin of 12.18%. Vontier's revenue was down 9.5% on a year-over-year basis. During the same period last year, the business posted $0.81 earnings per share. Analysts expect that Vontier Co. will post 3.15 EPS for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier's payout ratio is currently 4.15%.

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.