Dimensional Fund Advisors LP boosted its holdings in Vontier Corporation (NYSE:VNT – Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,982,770 shares of the company’s stock after buying an additional 108,390 shares during the quarter. Dimensional Fund Advisors LP owned 2.06% of Vontier worth $125,184,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada lifted its stake in Vontier by 2.9% in the 1st quarter. Royal Bank of Canada now owns 47,039 shares of the company’s stock worth $1,545,000 after acquiring an additional 1,304 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Vontier by 42.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 386,140 shares of the company’s stock valued at $12,685,000 after acquiring an additional 115,740 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Vontier by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 583,565 shares of the company’s stock valued at $19,170,000 after purchasing an additional 62,040 shares during the period. Bank of Montreal Can increased its holdings in shares of Vontier by 11.7% in the 2nd quarter. Bank of Montreal Can now owns 42,740 shares of the company’s stock valued at $1,577,000 after purchasing an additional 4,478 shares during the period. Finally, Savant Capital LLC lifted its position in shares of Vontier by 70.4% in the second quarter. Savant Capital LLC now owns 12,548 shares of the company’s stock worth $463,000 after purchasing an additional 5,183 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.
Vontier Price Performance
Vontier stock opened at $37.78 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $5.35 billion, a P/E ratio of 13.69, a PEG ratio of 1.46 and a beta of 1.27. The business has a 50-day moving average of $39.29 and a 200-day moving average of $39.47. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $48.20.
Vontier Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.10 annualized dividend and a yield of 0.3%. Vontier’s payout ratio is presently 3.62%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. KeyCorp boosted their price target on Vontier from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Robert W. Baird set a $47.00 price objective on shares of Vontier in a research report on Thursday, February 19th. Bank of America reissued an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Vontier in a research report on Friday, November 14th. Wall Street Zen upgraded shares of Vontier from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings upgraded shares of Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average target price of $47.63.
Check Out Our Latest Stock Report on VNT
Vontier Company Profile
Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.
The company’s diversified portfolio spans several well-known brands.
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