AIA Group Ltd acquired a new stake in shares of Vontier Corporation (NYSE:VNT – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 71,104 shares of the company’s stock, valued at approximately $2,984,000.
A number of other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in Vontier during the 3rd quarter valued at approximately $37,000. Allworth Financial LP boosted its position in shares of Vontier by 212.9% during the 3rd quarter. Allworth Financial LP now owns 948 shares of the company’s stock valued at $40,000 after acquiring an additional 645 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Vontier by 29.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock valued at $56,000 after purchasing an additional 338 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Vontier in the third quarter valued at $58,000. Finally, Farther Finance Advisors LLC increased its position in Vontier by 22.5% in the third quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock worth $78,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Stock Performance
VNT stock opened at $35.31 on Friday. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $48.20. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.37 and a beta of 1.27. The business’s fifty day simple moving average is $39.05 and its two-hundred day simple moving average is $39.19. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.27.
Vontier Announces Dividend
The business 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. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, March 5th. Vontier’s dividend payout ratio is currently 3.62%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on VNT shares. Barclays lifted their price objective on shares of Vontier from $47.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. KeyCorp upped their target price on shares of Vontier from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings raised shares of Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen upgraded Vontier from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Robert W. Baird set a $47.00 price objective on Vontier in a research note on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.63.
Read Our Latest Research Report on Vontier
Vontier 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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