Bessemer Group Inc. reduced its stake in Vontier Corporation (NYSE:VNT – Free Report) by 24.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 638,853 shares of the company’s stock after selling 206,094 shares during the quarter. Bessemer Group Inc.’s holdings in Vontier were worth $23,752,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Vontier in the 3rd quarter worth approximately $37,000. Allworth Financial LP lifted its holdings in shares of Vontier by 212.9% in the 3rd quarter. Allworth Financial LP now owns 948 shares of the company’s stock worth $40,000 after acquiring an additional 645 shares during the last quarter. Employees Retirement System of Texas acquired a new position in shares of Vontier in the 3rd quarter worth approximately $58,000. Quarry LP lifted its holdings in shares of Vontier by 5,897.1% in the 3rd quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $88,000 after acquiring an additional 2,064 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Vontier by 15.4% in the 3rd quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock worth $94,000 after acquiring an additional 299 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.
Vontier Price Performance
Shares of VNT opened at $28.04 on Friday. Vontier Corporation has a fifty-two week low of $27.78 and a fifty-two week high of $48.20. The firm’s 50 day moving average price is $35.39 and its 200 day moving average price is $37.24. The company has a market cap of $3.95 billion, a P/E ratio of 9.91, a PEG ratio of 1.08 and a beta of 1.24. The company has a quick ratio of 0.90, a current ratio of 1.23 and a debt-to-equity ratio of 1.26.
Vontier Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given 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 0.4%. Vontier’s dividend payout ratio is currently 3.53%.
Wall Street Analyst Weigh In
VNT has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. KeyCorp cut their target price on shares of Vontier from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Robert W. Baird set a $37.00 target price on shares of Vontier in a research note on Friday, May 8th. Citigroup cut their target price on shares of Vontier from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Evercore set a $36.00 target price on shares of Vontier in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.38.
View Our Latest Analysis 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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