Private Management Group Inc. lessened its holdings in shares of Vontier Corporation (NYSE:VNT – Free Report) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 398,436 shares of the company’s stock after selling 102,906 shares during the period. Private Management Group Inc. owned approximately 0.27% of Vontier worth $16,722,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of VNT. Quent Capital LLC purchased a new stake in shares of Vontier during the 3rd quarter worth $37,000. Steward Partners Investment Advisory LLC grew its stake in shares of Vontier by 29.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock worth $56,000 after purchasing an additional 338 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Vontier in the 3rd quarter valued at about $58,000. Farther Finance Advisors LLC lifted its stake in shares of Vontier by 22.5% in the third quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock valued at $78,000 after purchasing an additional 340 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Vontier by 15.4% in the third quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock valued at $94,000 after purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Stock Performance
NYSE:VNT opened at $36.00 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $39.24 and a two-hundred day moving average price of $39.40. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $48.20. The company has a market capitalization of $5.10 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27.
Vontier Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.025 dividend. 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 dividend payout ratio is presently 3.62%.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Weiss Ratings raised shares of Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Barclays increased their target price on shares of Vontier from $47.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 13th. KeyCorp boosted their price target on Vontier from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Bank of America restated an “underperform” rating and issued a $40.00 price target (down from $50.00) on shares of Vontier in a report on Friday, November 14th. Finally, Robert W. Baird set a $47.00 price objective on Vontier in a research note on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.63.
Check Out Our Latest Stock 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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