Nordea Investment Management AB increased its holdings in shares of Vontier Corporation (NYSE:VNT – Free Report) by 45.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 261,430 shares of the company’s stock after acquiring an additional 81,692 shares during the period. Nordea Investment Management AB owned approximately 0.18% of Vontier worth $10,862,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Vontier by 2.9% during the first quarter. Royal Bank of Canada now owns 47,039 shares of the company’s stock worth $1,545,000 after purchasing an additional 1,304 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 buying an additional 115,740 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Vontier by 11.9% during 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 buying an additional 62,040 shares in the last quarter. Parallel Advisors LLC grew its stake in Vontier by 182.4% in the 2nd quarter. Parallel Advisors LLC now owns 4,488 shares of the company’s stock valued at $166,000 after acquiring an additional 2,899 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Vontier by 75.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock worth $45,000 after acquiring an additional 529 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Trading Down 2.5%
Shares of Vontier stock opened at $37.91 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $36.96 and its 200-day simple moving average is $39.57. The stock has a market cap of $5.50 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.59 and a beta of 1.28. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $43.88.
Vontier Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s payout ratio is presently 3.66%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vontier in a report on Monday, December 29th. Barclays decreased their price target on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Wall Street Zen lowered Vontier from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Robert W. Baird decreased their target price on Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, KeyCorp lowered their price target on Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.63.
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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