Yousif Capital Management LLC lessened its stake in Vontier Corporation (NYSE:VNT – Free Report) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,698 shares of the company’s stock after selling 1,502 shares during the period. Yousif Capital Management LLC’s holdings in Vontier were worth $1,834,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of VNT. Brooklyn Investment Group lifted its stake in shares of Vontier by 586.2% in the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company’s stock valued at $28,000 after acquiring an additional 721 shares during the last quarter. Olde Wealth Management LLC bought a new position in Vontier during the 1st quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its position in Vontier by 75.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock valued at $45,000 after purchasing an additional 529 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Vontier during the 2nd quarter valued at approximately $53,000. Finally, Summit Securities Group LLC bought a new position in Vontier during the 1st quarter valued at approximately $64,000. Institutional investors own 95.83% of the company’s stock.
Vontier Stock Up 2.8%
VNT stock opened at $42.57 on Monday. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.88. The business’s 50 day moving average price is $42.12 and its two-hundred day moving average price is $37.87. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.80 and a current ratio of 1.08. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30.
Vontier Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Vontier’s dividend payout ratio is presently 3.80%.
Analyst Upgrades and Downgrades
A number of research firms have commented on VNT. KeyCorp began coverage on Vontier in a research report on Thursday, August 21st. They set an “overweight” rating and a $50.00 price target for the company. Argus raised Vontier from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, August 5th. Evercore ISI reiterated an “outperform” rating on shares of Vontier in a report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vontier in a report on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on Vontier from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.50.
Get Our Latest Research Report on VNT
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.
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