Epoch Investment Partners Inc. lifted its position in Vontier Corporation (NYSE:VNT – Free Report) by 85.5% in the 4th quarter, Holdings Channel reports. The fund owned 57,485 shares of the company’s stock after acquiring an additional 26,498 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Vontier were worth $2,137,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in Vontier by 19.7% in the fourth quarter. Barclays PLC now owns 156,260 shares of the company’s stock worth $5,810,000 after purchasing an additional 25,749 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vontier by 34.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,616,618 shares of the company’s stock valued at $97,286,000 after buying an additional 671,738 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Vontier in the 4th quarter worth about $723,000. Parkside Financial Bank & Trust increased its stake in shares of Vontier by 152.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock worth $98,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Bridgewater Associates LP lifted its position in Vontier by 20.4% during the 4th quarter. Bridgewater Associates LP now owns 133,198 shares of the company’s stock valued at $4,952,000 after acquiring an additional 22,590 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Price Performance
Shares of NYSE:VNT opened at $29.48 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.90 and a current ratio of 1.23. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 1.10 and a beta of 1.16. The business has a 50-day simple moving average of $32.14 and a two-hundred day simple moving average of $35.95. Vontier Corporation has a fifty-two week low of $27.25 and a fifty-two week high of $48.20.
Vontier announced that its Board of Directors has approved a stock buyback program on Tuesday, May 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 25.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Vontier Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier’s payout ratio is currently 3.53%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Barclays cut their price objective on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Evercore set a $36.00 price target on Vontier in a research report on Monday, May 11th. KeyCorp cut their price target on Vontier from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings cut Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vontier currently has a consensus rating of “Hold” and a consensus target price of $42.38.
Check Out Our Latest Stock Analysis 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.
See Also
- Five stocks we like better than Vontier
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding VNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vontier Corporation (NYSE:VNT – Free Report).
Receive News & Ratings for Vontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vontier and related companies with MarketBeat.com's FREE daily email newsletter.
