Private Management Group Inc. reduced its stake in Vontier Corporation (NYSE:VNT – Free Report) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 398,436 shares of the company’s stock after selling 102,906 shares during the quarter. Private Management Group Inc.’s holdings in Vontier were worth $16,722,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Quent Capital LLC purchased a new stake in Vontier during the 3rd quarter worth about $37,000. Steward Partners Investment Advisory LLC lifted its holdings in Vontier by 29.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock valued at $56,000 after purchasing an additional 338 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Vontier during the 3rd quarter worth about $58,000. Farther Finance Advisors LLC boosted its stake in shares of Vontier by 22.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock worth $78,000 after purchasing an additional 340 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Vontier by 15.4% during the third quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock worth $94,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Trading Down 0.6%
Shares of VNT stock opened at $36.00 on Friday. The firm’s 50-day simple moving average is $39.24 and its 200-day simple moving average is $39.40. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.16 and a quick ratio of 0.90. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $48.20. The firm has a market cap of $5.10 billion, a P/E ratio of 13.04, a PEG ratio of 1.39 and a beta of 1.27.
Vontier Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s payout ratio is currently 3.62%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Vontier from $47.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Bank of America restated an “underperform” rating and set a $40.00 target price (down from $50.00) on shares of Vontier in a research report on Friday, November 14th. Robert W. Baird set a $47.00 target price on shares of Vontier in a research note on Thursday, February 19th. KeyCorp boosted their price target on Vontier from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Wall Street Zen raised Vontier from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.63.
Get Our Latest Analysis on VNT
Vontier Company Profile
Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.
The company’s diversified portfolio spans several well-known brands.
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