Arrowstreet Capital Limited Partnership cut its holdings in Vontier Corporation (NYSE:VNT – Free Report) by 22.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 936,540 shares of the company’s stock after selling 265,775 shares during the period. Arrowstreet Capital Limited Partnership owned 0.64% of Vontier worth $34,558,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in Vontier by 39.0% in the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Vontier by 29.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock worth $56,000 after purchasing an additional 338 shares during the last quarter. F m Investments LLC raised its holdings in Vontier by 0.5% in the 2nd quarter. F m Investments LLC now owns 85,715 shares of the company’s stock valued at $3,163,000 after buying an additional 417 shares during the period. Redwood Investment Management LLC raised its holdings in Vontier by 1.1% in the 1st quarter. Redwood Investment Management LLC now owns 39,721 shares of the company’s stock valued at $1,305,000 after buying an additional 451 shares during the period. Finally, KPP Advisory Services LLC lifted its position in Vontier by 2.3% in the second quarter. KPP Advisory Services LLC now owns 21,340 shares of the company’s stock valued at $787,000 after buying an additional 482 shares during the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
Vontier Trading Up 0.6%
Shares of VNT stock opened at $36.24 on Friday. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.88. The company has a 50 day moving average price of $38.67 and a 200 day moving average price of $39.23. The stock has a market capitalization of $5.26 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 1.18.
Vontier Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 20th. Vontier’s payout ratio is presently 3.66%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on VNT. Robert W. Baird dropped their price target on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Bank of America reaffirmed an “underperform” rating and set a $40.00 price objective (down previously from $50.00) on shares of Vontier in a research report on Friday, November 14th. Evercore ISI reiterated an “outperform” rating on shares of Vontier in a report on Tuesday, August 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vontier in a research report on Monday. Finally, Wall Street Zen cut Vontier from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and a consensus target price of $45.89.
Get Our Latest Stock Report on VNT
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.
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