Vontier Co. (NYSE:VNT) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in shares of Vontier Co. (NYSE:VNT) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,330,550 shares of the company’s stock after acquiring an additional 12,186 shares during the quarter. Mackenzie Financial Corp owned about 1.51% of Vontier worth $80,521,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Lecap Asset Management Ltd. acquired a new stake in shares of Vontier in the fourth quarter valued at $495,000. Louisiana State Employees Retirement System acquired a new stake in shares of Vontier in the fourth quarter valued at $1,496,000. Bull Street Advisors LLC acquired a new stake in shares of Vontier in the fourth quarter valued at $204,000. Cerity Partners LLC acquired a new stake in shares of Vontier in the fourth quarter valued at $442,000. Finally, Mutual of America Capital Management LLC grew its stake in shares of Vontier by 71.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock valued at $5,949,000 after buying an additional 71,515 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Down 0.2 %

Shares of NYSE VNT opened at $41.00 on Tuesday. Vontier Co. has a 1 year low of $26.23 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. The business has a 50-day moving average of $42.15 and a two-hundred day moving average of $36.31.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $780.92 million. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts forecast that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.24%. Vontier’s payout ratio is 4.15%.

Wall Street Analyst Weigh In

Several research analysts recently commented on VNT shares. Argus boosted their target price on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Bank of America raised Vontier from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. Evercore ISI boosted their target price on Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group boosted their target price on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, UBS Group boosted their target price on Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

About Vontier

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.