Foster & Motley Inc. acquired a new stake in Vontier Corporation (NYSE:VNT – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 155,038 shares of the company’s stock, valued at approximately $4,496,000. Foster & Motley Inc. owned about 0.11% of Vontier as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of VNT. Bessemer Group Inc. grew its holdings in shares of Vontier by 21.6% during the first quarter. Bessemer Group Inc. now owns 776,603 shares of the company’s stock valued at $27,546,000 after buying an additional 137,750 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Vontier by 1,950.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,758 shares of the company’s stock worth $2,742,000 after acquiring an additional 70,160 shares during the last quarter. ASO GROUP Ltd purchased a new position in Vontier in the 4th quarter worth $4,390,000. Franklin Resources Inc. lifted its position in Vontier by 11.1% during the 4th quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company’s stock worth $215,774,000 after acquiring an additional 577,914 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in Vontier by 8.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,495,686 shares of the company’s stock valued at $55,610,000 after purchasing an additional 111,465 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Trading Down 0.7%
Vontier stock opened at $32.10 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. Vontier Corporation has a 12 month low of $27.25 and a 12 month high of $48.20. The stock’s 50 day simple moving average is $30.76 and its two-hundred day simple moving average is $33.88. The firm has a market cap of $4.34 billion, a PE ratio of 13.32, a P/E/G ratio of 1.13 and a beta of 1.15.
Vontier announced that its board has approved a share buyback plan on Tuesday, May 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 25.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Vontier Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier’s payout ratio is presently 4.15%.
Analyst Ratings Changes
Several research analysts have recently issued reports on VNT shares. Barclays reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Weiss Ratings cut shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wolfe Research reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of Vontier in a report on Thursday, July 9th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.00.
View 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.
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