Vontier Co. (NYSE:VNT) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 11.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,311,344 shares of the company’s stock after purchasing an additional 132,312 shares during the quarter. Janus Henderson Group PLC’s holdings in Vontier were worth $44,246,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in Vontier in the third quarter valued at approximately $37,000. Ashton Thomas Private Wealth LLC purchased a new position in Vontier in the second quarter valued at approximately $44,000. Covestor Ltd increased its stake in Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Vontier by 32.0% in the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after purchasing an additional 786 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

VNT has been the topic of a number of research reports. Barclays raised their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Evercore ISI reduced their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Price Performance

Shares of VNT opened at $38.51 on Friday. The company has a market cap of $5.78 billion, a P/E ratio of 14.75, a PEG ratio of 1.82 and a beta of 1.24. The stock has a fifty day moving average price of $36.50 and a 200 day moving average price of $36.68. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts forecast that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.025 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s dividend payout ratio (DPR) is 3.83%.

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.