C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $99,000 in Vontier Co. (NYSE:VNT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Vontier Co. (NYSE:VNT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,711 shares of the company’s stock, valued at approximately $99,000.

A number of other large investors also recently bought and sold shares of VNT. Venturi Wealth Management LLC lifted its stake in shares of Vontier by 1,762.4% during the 4th quarter. Venturi Wealth Management LLC now owns 4,265 shares of the company’s stock worth $156,000 after purchasing an additional 4,036 shares during the last quarter. Truist Financial Corp lifted its position in shares of Vontier by 5.4% during the fourth quarter. Truist Financial Corp now owns 1,415,317 shares of the company’s stock valued at $51,617,000 after buying an additional 72,787 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Vontier by 12.8% in the 4th quarter. Principal Securities Inc. now owns 4,636 shares of the company’s stock valued at $169,000 after buying an additional 526 shares in the last quarter. Rhumbline Advisers grew its position in shares of Vontier by 0.9% in the 4th quarter. Rhumbline Advisers now owns 410,684 shares of the company’s stock worth $14,978,000 after buying an additional 3,754 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Vontier by 94.3% during the 4th quarter. Van ECK Associates Corp now owns 148,253 shares of the company’s stock worth $5,407,000 after acquiring an additional 71,963 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group began coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price for the company. Citigroup lowered their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Barclays upped their target price on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Finally, Robert W. Baird upped their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Vontier Trading Down 2.2 %

Shares of NYSE:VNT opened at $37.76 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.28 and a beta of 1.26. The business has a 50-day moving average price of $37.67 and a 200-day moving average price of $36.27.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $776.80 million during the quarter. Equities analysts predict that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s dividend payout ratio (DPR) is 3.64%.

Vontier Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.