First Trust Advisors LP Has $28.62 Million Position in Vontier Co. (NYSE:VNT)

First Trust Advisors LP grew its stake in Vontier Co. (NYSE:VNTFree Report) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 828,416 shares of the company’s stock after purchasing an additional 64,939 shares during the quarter. First Trust Advisors LP owned approximately 0.54% of Vontier worth $28,622,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VNT. Vanguard Group Inc. grew its holdings in Vontier by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company’s stock valued at $509,477,000 after buying an additional 264,884 shares in the last quarter. FMR LLC grew its stake in shares of Vontier by 25.8% in the third quarter. FMR LLC now owns 13,493,831 shares of the company’s stock valued at $417,229,000 after acquiring an additional 2,767,188 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Vontier by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,330,550 shares of the company’s stock valued at $80,521,000 after acquiring an additional 12,186 shares in the last quarter. Corient Private Wealth LLC increased its position in Vontier by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company’s stock worth $79,086,000 after acquiring an additional 22,029 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Vontier by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock worth $75,935,000 after purchasing an additional 178,560 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE:VNT opened at $38.79 on Tuesday. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The stock’s 50-day simple moving average is $40.66 and its 200 day simple moving average is $38.76. The firm has a market capitalization of $5.99 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.14 and a beta of 1.31.

Vontier (NYSE:VNTGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $755.80 million for the quarter, compared to the consensus estimate of $754.50 million. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. On average, analysts anticipate that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 6th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, June 6th. Vontier’s dividend payout ratio (DPR) is 3.62%.

Wall Street Analyst Weigh In

VNT has been the topic of a number of analyst reports. Citigroup increased their target price 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. Argus raised their price objective on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Evercore ISI upped their target price on Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group raised their price target on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vontier currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Read Our Latest Analysis on Vontier

About Vontier

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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