Franklin Resources Inc. increased its position in shares of Vontier Corporation (NYSE:VNT – Free Report) by 85.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,225,596 shares of the company’s stock after acquiring an additional 2,401,220 shares during the quarter. Franklin Resources Inc.’s holdings in Vontier were worth $219,318,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LLC increased its stake in Vontier by 104.6% in the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after purchasing an additional 2,450,723 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Vontier by 4,958.3% during the third quarter. Victory Capital Management Inc. now owns 2,151,517 shares of the company’s stock worth $90,299,000 after purchasing an additional 2,108,983 shares in the last quarter. Norges Bank acquired a new position in shares of Vontier in the 2nd quarter valued at $66,535,000. Ceredex Value Advisors LLC grew its holdings in shares of Vontier by 195.2% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,023,750 shares of the company’s stock valued at $37,776,000 after buying an additional 677,000 shares during the period. Finally, River Road Asset Management LLC increased its position in shares of Vontier by 24.5% in the 2nd quarter. River Road Asset Management LLC now owns 3,115,850 shares of the company’s stock valued at $114,975,000 after buying an additional 613,746 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Price Performance
Shares of NYSE VNT opened at $36.21 on Friday. The firm has a market cap of $5.13 billion, a PE ratio of 13.12, a PEG ratio of 1.45 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. The company has a fifty day moving average price of $39.27 and a 200 day moving average price of $39.45.
Vontier Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 5th. Vontier’s dividend payout ratio (DPR) is currently 3.62%.
Analyst Ratings Changes
Several brokerages recently commented on VNT. Weiss Ratings raised Vontier from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Wall Street Zen raised Vontier from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Robert W. Baird set a $47.00 price target on Vontier in a report on Thursday, February 19th. Bank of America reaffirmed an “underperform” rating and set a $40.00 price target (down from $50.00) on shares of Vontier in a research report on Friday, November 14th. Finally, KeyCorp boosted their price objective on Vontier from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.63.
Check Out Our Latest Report 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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