MQS Management LLC Buys New Shares in Vontier Co. (NYSE:VNT)

MQS Management LLC purchased a new position in shares of Vontier Co. (NYSE:VNT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,540 shares of the company’s stock, valued at approximately $322,000.

A number of other large investors also recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co raised its position in shares of Vontier by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock worth $4,941,000 after buying an additional 16,305 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Vontier by 366.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock worth $2,257,000 after purchasing an additional 39,100 shares during the period. Natixis acquired a new position in shares of Vontier in the 1st quarter valued at about $2,785,000. Edgestream Partners L.P. purchased a new stake in shares of Vontier during the 1st quarter worth about $810,000. Finally, Boston Partners acquired a new stake in Vontier during the 1st quarter worth approximately $1,231,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VNT shares. Evercore ISI reduced their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Barclays increased their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird reduced their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Three equities 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 an average rating of “Moderate Buy” and an average target price of $44.50.

Vontier Trading Down 0.5 %

Shares of VNT opened at $38.94 on Friday. Vontier Co. has a one year low of $31.22 and a one year high of $45.62. The stock has a 50-day moving average price of $34.71 and a 200 day moving average price of $36.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The company has a market capitalization of $5.85 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.83 and a beta of 1.25.

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

Vontier Dividend Announcement

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

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.