Robeco Institutional Asset Management B.V. Has $2.63 Million Position in Vontier Co. (NYSE:VNT)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Vontier Co. (NYSE:VNT) by 20.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 77,943 shares of the company’s stock after selling 20,319 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Vontier were worth $2,630,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VNT. Van ECK Associates Corp acquired a new position in Vontier during the third quarter worth $2,611,000. Private Management Group Inc. increased its position in shares of Vontier by 1.1% during the third quarter. Private Management Group Inc. now owns 502,578 shares of the company’s stock worth $16,957,000 after acquiring an additional 5,571 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. increased its position in shares of Vontier by 3.8% during the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 35,300 shares of the company’s stock worth $1,191,000 after acquiring an additional 1,300 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Vontier by 2.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 408,390 shares of the company’s stock valued at $13,778,000 after acquiring an additional 9,210 shares in the last quarter. Finally, Harvey Investment Co. LLC boosted its stake in Vontier by 21.1% during the 3rd quarter. Harvey Investment Co. LLC now owns 55,760 shares of the company’s stock valued at $1,881,000 after purchasing an additional 9,726 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VNT shares. Robert W. Baird lowered their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Evercore ISI dropped their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Barclays lifted their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Stock Performance

Shares of VNT stock opened at $40.05 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.87 and a beta of 1.25. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The firm’s 50-day simple moving average is $34.37 and its two-hundred day simple moving average is $36.91.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. Vontier’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts forecast that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is currently 3.83%.

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.