Oppenheimer Asset Management Inc. Buys 3,655 Shares of Vontier Co. (NYSE:VNT)

Oppenheimer Asset Management Inc. lifted its stake in shares of Vontier Co. (NYSE:VNT) by 37.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,373 shares of the company’s stock after purchasing an additional 3,655 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Vontier were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of Vontier by 83.7% during the first quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock worth $9,459,000 after buying an additional 95,549 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Vontier by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock valued at $4,941,000 after acquiring an additional 16,305 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vontier by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock worth $75,935,000 after acquiring an additional 178,560 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Vontier in the 1st quarter worth about $27,770,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Vontier by 366.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock valued at $2,257,000 after purchasing an additional 39,100 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on VNT shares. Barclays reduced their price target on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Evercore ISI dropped their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Vontier has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Vontier Stock Down 2.3 %

Shares of NYSE VNT opened at $33.24 on Friday. Vontier Co. has a 52-week low of $28.84 and a 52-week high of $45.62. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The company’s 50 day moving average price is $35.25 and its 200-day moving average price is $38.90. The company has a market capitalization of $5.13 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The firm had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. During the same period last year, the company posted $0.67 EPS. The business’s revenue was down 8.9% compared to the same quarter last year. Equities analysts forecast that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a $0.025 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s payout ratio is currently 3.62%.

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.