Grantham Mayo Van Otterloo & Co. LLC raised its stake in Vontier Corporation (NYSE:VNT – Free Report) by 52.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 57,534 shares of the company’s stock after acquiring an additional 19,818 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Vontier were worth $2,415,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Neo Ivy Capital Management bought a new stake in shares of Vontier during the 3rd quarter worth $1,004,000. Crossmark Global Holdings Inc. raised its position in shares of Vontier by 618.5% during the third quarter. Crossmark Global Holdings Inc. now owns 76,009 shares of the company’s stock worth $3,190,000 after purchasing an additional 65,430 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Vontier by 3.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,982,770 shares of the company’s stock valued at $125,184,000 after purchasing an additional 108,390 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Vontier during the third quarter valued at $935,000. Finally, South Dakota Investment Council boosted its position in shares of Vontier by 6.7% in the 3rd quarter. South Dakota Investment Council now owns 32,003 shares of the company’s stock valued at $1,343,000 after purchasing an additional 2,003 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Stock Down 1.3%
NYSE:VNT opened at $38.08 on Wednesday. The business’s fifty day moving average price is $39.28 and its 200 day moving average price is $39.48. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.48 and a beta of 1.27. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $48.20.
Vontier Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier’s payout ratio is presently 3.62%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on VNT. Barclays lifted their price target on Vontier from $47.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Vontier from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. KeyCorp lifted their target price on shares of Vontier from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Robert W. Baird set a $47.00 price target on shares of Vontier in a report on Thursday, February 19th. Finally, Bank of America restated an “underperform” rating and issued a $40.00 price target (down from $50.00) on shares of Vontier in a research report on Friday, November 14th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and a consensus price target of $47.63.
Get Our Latest Analysis on Vontier
About Vontier
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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