Skylands Capital LLC boosted its stake in shares of Vontier Corporation (NYSE:VNT – Free Report) by 52.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 65,225 shares of the company’s stock after acquiring an additional 22,425 shares during the period. Skylands Capital LLC’s holdings in Vontier were worth $2,425,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of Vontier by 2.9% during the 1st quarter. Royal Bank of Canada now owns 47,039 shares of the company’s stock worth $1,545,000 after purchasing an additional 1,304 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Vontier by 42.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 386,140 shares of the company’s stock worth $12,685,000 after buying an additional 115,740 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Vontier by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 583,565 shares of the company’s stock worth $19,170,000 after buying an additional 62,040 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vontier by 19.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,486 shares of the company’s stock valued at $129,000 after acquiring an additional 568 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Vontier during the second quarter valued at approximately $188,000. 95.83% of the stock is owned by hedge funds and other institutional investors.
Vontier Trading Down 0.3%
Shares of Vontier stock opened at $36.06 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.16 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $37.55 and its 200-day simple moving average is $38.02. The stock has a market cap of $5.08 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.39 and a beta of 1.32. Vontier Corporation has a 1-year low of $30.67 and a 1-year high of $48.20.
Vontier Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Vontier’s dividend payout ratio (DPR) is 3.62%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. KeyCorp lifted 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. Weiss Ratings downgraded Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Barclays lowered their target price on shares of Vontier from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Robert W. Baird dropped their target price on shares of Vontier from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, March 30th. Finally, Wall Street Zen upgraded shares of Vontier from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.50.
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.
Further Reading
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