Sanctuary Advisors LLC decreased its stake in Vontier Corporation (NYSE:VNT – Free Report) by 84.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,915 shares of the company’s stock after selling 38,084 shares during the quarter. Sanctuary Advisors LLC’s holdings in Vontier were worth $257,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HB Wealth Management LLC lifted its position in Vontier by 4.3% in the 4th quarter. HB Wealth Management LLC now owns 8,237 shares of the company’s stock worth $306,000 after buying an additional 340 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Vontier by 61.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 203,086 shares of the company’s stock worth $7,587,000 after buying an additional 77,283 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Vontier by 53.7% in the 4th quarter. Evergreen Capital Management LLC now owns 14,598 shares of the company’s stock worth $543,000 after buying an additional 5,099 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vontier by 12.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,242 shares of the company’s stock worth $1,682,000 after buying an additional 4,969 shares in the last quarter. Finally, KBC Group NV lifted its position in Vontier by 8.3% in the 4th quarter. KBC Group NV now owns 13,848 shares of the company’s stock worth $515,000 after buying an additional 1,057 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Stock Performance
NYSE:VNT opened at $29.95 on Tuesday. Vontier Corporation has a 1 year low of $29.49 and a 1 year high of $48.20. The firm’s fifty day simple moving average is $36.35 and its 200 day simple moving average is $37.59. The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $4.22 billion, a PE ratio of 10.58, a PEG ratio of 1.16 and a beta of 1.24.
Vontier Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, March 5th. Vontier’s dividend payout ratio (DPR) is currently 3.53%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on VNT shares. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore set a $36.00 price target on shares of Vontier in a research note on Monday. Barclays dropped their price target on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday. KeyCorp dropped their price target on shares of Vontier from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Citigroup dropped their price target on shares of Vontier from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vontier presently has a consensus rating of “Moderate Buy” and an average target price of $42.38.
Get Our Latest Research Report 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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