Rhumbline Advisers Raises Position in Vontier Co. (NYSE:VNT)

Rhumbline Advisers grew its position in Vontier Co. (NYSE:VNT) by 0.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 410,684 shares of the company’s stock after purchasing an additional 3,754 shares during the quarter. Rhumbline Advisers’ holdings in Vontier were worth $14,978,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Global X Japan Co. Ltd. raised its holdings in Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after buying an additional 431 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after acquiring an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. bought a new stake in shares of Vontier in the third quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vontier in the third quarter worth approximately $40,000. Finally, Covestor Ltd grew its stake in shares of Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after acquiring an additional 395 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VNT has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group initiated coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Barclays lifted their price target on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, December 12th. Finally, Robert W. Baird boosted their target price on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.43.

Vontier Stock Performance

Shares of NYSE VNT opened at $37.76 on Friday. The firm has a 50 day moving average of $37.67 and a 200 day moving average of $36.30. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. On average, research analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s payout ratio is currently 3.64%.

Vontier 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.