Vontier Co. (NYSE:VNT) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of Vontier Co. (NYSE:VNT) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,854 shares of the company’s stock after purchasing an additional 34,494 shares during the period. Federated Hermes Inc.’s holdings in Vontier were worth $9,496,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Vontier by 13.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,601 shares of the company’s stock worth $1,195,000 after purchasing an additional 4,123 shares during the period. Mackenzie Financial Corp boosted its stake in Vontier by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,330,550 shares of the company’s stock worth $80,521,000 after purchasing an additional 12,186 shares during the period. Lecap Asset Management Ltd. acquired a new stake in Vontier during the 4th quarter worth $495,000. Louisiana State Employees Retirement System acquired a new stake in Vontier during the 4th quarter worth $1,496,000. Finally, Bull Street Advisors LLC purchased a new position in Vontier during the 4th quarter worth $204,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America upgraded shares of Vontier from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $40.00 in a research report on Thursday, January 11th. Citigroup upped their price objective on shares of Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group upped their price objective on shares of Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. The Goldman Sachs Group upped their price objective on shares of Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Argus upped their price objective on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Vontier Stock Performance

Shares of VNT opened at $40.74 on Wednesday. The company has a 50-day simple moving average of $42.63 and a 200-day simple moving average of $36.71. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $6.30 billion, a PE ratio of 16.90, a P/E/G ratio of 1.17 and a beta of 1.31. Vontier Co. has a 52-week low of $26.23 and a 52-week high of $45.62.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. Equities research analysts predict that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.025 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s payout ratio is 4.15%.

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.