Massachusetts Financial Services Co. MA Boosts Holdings in Vontier Co. (NYSE:VNT)

Massachusetts Financial Services Co. MA lifted its holdings in Vontier Co. (NYSE:VNT) by 305.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 902,432 shares of the company’s stock after acquiring an additional 679,651 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.59% of Vontier worth $34,473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Vontier during the first quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new stake in Vontier during the 1st quarter valued at about $30,000. Riverview Trust Co purchased a new position in Vontier in the 1st quarter worth approximately $33,000. ORG Partners LLC bought a new stake in Vontier in the first quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier during the second quarter valued at approximately $44,000. Institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 2.4 %

VNT opened at $34.01 on Friday. The stock has a market cap of $5.25 billion, a PE ratio of 12.32, a PEG ratio of 1.47 and a beta of 1.28. The business has a 50 day moving average of $35.49 and a 200-day moving average of $39.01. Vontier Co. has a 52 week low of $28.84 and a 52 week high of $45.62. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Equities research analysts predict that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. Vontier’s payout ratio is 3.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays dropped their price target on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI cut their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Robert W. Baird lowered their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Argus cut Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.25.

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.