Barclays PLC Boosts Stock Position in Vontier Co. (NYSE:VNT)

Barclays PLC raised its stake in Vontier Co. (NYSE:VNT) by 133.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 100,836 shares of the company’s stock after acquiring an additional 57,728 shares during the period. Barclays PLC’s holdings in Vontier were worth $3,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Covestor Ltd increased its stake in Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after buying an additional 395 shares during the period. Blue Trust Inc. increased its stake in shares of Vontier by 10.9% during the third quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after acquiring an additional 410 shares during the period. Ritholtz Wealth Management raised its holdings in Vontier by 3.3% during the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after purchasing an additional 420 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Vontier by 6.2% in the second quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock valued at $295,000 after purchasing an additional 448 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Vontier by 12.5% in the 3rd quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock valued at $147,000 after purchasing an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VNT shares. UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, December 12th. Barclays upped their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Citigroup raised their price objective on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Vontier currently has an average rating of “Moderate Buy” and an average price target of $44.44.

Vontier Stock Performance

Shares of VNT opened at $36.82 on Tuesday. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. The stock has a market cap of $5.53 billion, a P/E ratio of 14.11, a PEG ratio of 1.85 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The company has a 50-day moving average of $37.56 and a two-hundred day moving average of $36.53.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. During the same period in the previous year, the firm posted $0.73 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. Vontier’s dividend payout ratio 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.