Ceredex Value Advisors LLC cut its stake in shares of Vontier Corporation (NYSE:VNT – Free Report) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 850,650 shares of the company’s stock after selling 173,100 shares during the period. Ceredex Value Advisors LLC owned 0.59% of Vontier worth $35,702,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in VNT. Parkside Financial Bank & Trust grew its position in Vontier by 39.0% during the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares during the period. Quent Capital LLC purchased a new stake in shares of Vontier during the 3rd quarter worth about $37,000. Steward Partners Investment Advisory LLC increased its position in Vontier by 29.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock worth $56,000 after purchasing an additional 338 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Vontier by 22.5% in the third quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock valued at $78,000 after buying an additional 340 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Vontier by 15.4% in the third quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock valued at $94,000 after buying an additional 299 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.
Vontier Stock Performance
NYSE:VNT opened at $38.63 on Tuesday. The firm has a 50-day moving average of $39.28 and a two-hundred day moving average of $39.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.16 and a quick ratio of 0.90. The stock has a market cap of $5.47 billion, a P/E ratio of 14.00, a PEG ratio of 1.47 and a beta of 1.27. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $48.20.
Vontier Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 5th. Vontier’s dividend payout ratio is presently 3.62%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on VNT shares. KeyCorp increased their price objective on shares of Vontier from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Robert W. Baird set a $47.00 price objective on Vontier in a research report on Thursday, February 19th. Bank of America reaffirmed an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Vontier in a research report on Friday, November 14th. Weiss Ratings upgraded Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Barclays upped their price target on Vontier from $47.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Vontier has an average rating of “Moderate Buy” and an average target price of $47.63.
Check Out Our Latest Report on Vontier
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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