Quantinno Capital Management LP raised its stake in shares of Vontier Corporation (NYSE:VNT – Free Report) by 26.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 465,153 shares of the company’s stock after purchasing an additional 96,888 shares during the period. Quantinno Capital Management LP’s holdings in Vontier were worth $16,499,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new position in shares of Vontier in the first quarter valued at approximately $57,000. Employees Retirement System of Texas purchased a new position in shares of Vontier during the third quarter valued at approximately $58,000. Clearstead Advisors LLC grew its holdings in Vontier by 82.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock worth $62,000 after buying an additional 754 shares in the last quarter. Quarry LP raised its position in Vontier by 5,897.1% in the 3rd quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $88,000 after buying an additional 2,064 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Vontier by 152.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock valued at $98,000 after buying an additional 1,591 shares during the last quarter. 95.83% of the stock is owned by institutional investors.
Vontier Stock Performance
Shares of VNT stock opened at $32.18 on Monday. 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 $4.53 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.21 and a beta of 1.16. Vontier Corporation has a 52 week low of $27.25 and a 52 week high of $48.20. The firm’s 50-day simple moving average is $29.60 and its two-hundred day simple moving average is $34.22.
Vontier declared that its board has authorized a stock repurchase program on Tuesday, May 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 25.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
Vontier Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s dividend payout ratio is presently 3.53%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on VNT. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. KeyCorp cut their price target on shares of Vontier from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Evercore set a $36.00 price objective on shares of Vontier in a research report on Monday, May 11th. Finally, Robert W. Baird set a $37.00 price objective on shares of Vontier in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.89.
Read Our Latest Stock Analysis on Vontier
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.
Read More
- Five stocks we like better than Vontier
- 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
- AbbVie Quietly Solved Its Biggest Problem—Now What?
- Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
- Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
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.
