Vestmark Advisory Solutions Inc. Purchases 1,438 Shares of Vontier Co. (NYSE:VNT)

Vestmark Advisory Solutions Inc. raised its position in Vontier Co. (NYSE:VNT) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,149 shares of the company’s stock after buying an additional 1,438 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Vontier were worth $334,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Bailard Inc. raised its stake in shares of Vontier by 0.6% in the fourth quarter. Bailard Inc. now owns 61,207 shares of the company’s stock valued at $2,232,000 after buying an additional 356 shares during the period. Covestor Ltd grew its position in shares of 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 in the last quarter. TD Private Client Wealth LLC grew its position in shares of Vontier by 9.7% in the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock valued at $154,000 after purchasing an additional 404 shares in the last quarter. Global X Japan Co. Ltd. grew its position in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after purchasing an additional 431 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Vontier by 12.5% in the third quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock valued at $147,000 after purchasing an additional 482 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VNT has been the subject of several recent research reports. UBS Group initiated coverage on Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Barclays boosted their target price on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Thursday, December 12th. Robert W. Baird boosted their target price on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Finally, Citigroup reduced their target price on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Vontier Stock Performance

Vontier stock opened at $33.60 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $5.00 billion, a P/E ratio of 12.22, a PEG ratio of 1.23 and a beta of 1.26. The stock’s 50 day moving average is $37.45 and its 200 day moving average is $36.48. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $776.80 million for the quarter. On average, equities research analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s payout ratio is 3.64%.

Vontier Profile

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.