Foster & Motley Inc. Has $1.56 Million Stock Holdings in Vontier Co. (NYSE:VNT)

Foster & Motley Inc. increased its position in shares of Vontier Co. (NYSE:VNT) by 227.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,327 shares of the company’s stock after buying an additional 32,193 shares during the quarter. Foster & Motley Inc.’s holdings in Vontier were worth $1,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its holdings 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 purchasing an additional 16,305 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Vontier by 366.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock valued at $2,257,000 after buying an additional 39,100 shares during the last quarter. Natixis bought a new stake in shares of Vontier during the first quarter worth about $2,785,000. Edgestream Partners L.P. acquired a new stake in shares of Vontier in the 1st quarter worth about $810,000. Finally, Boston Partners bought a new position in Vontier in the 1st quarter valued at about $1,231,000. Institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VNT shares. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note 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 research report on Tuesday. Robert W. Baird cut their price objective on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Evercore ISI lowered their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Three 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 presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Vontier Trading Up 5.3 %

Shares of Vontier stock opened at $40.02 on Thursday. The firm has a market cap of $6.01 billion, a PE ratio of 15.33, a P/E/G ratio of 1.73 and a beta of 1.25. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The stock has a fifty day moving average price of $34.05 and a 200-day moving average price of $36.86.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) 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 firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. Equities research analysts anticipate that Vontier Co. will post 2.89 EPS for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.25%. The ex-dividend date was Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is 3.83%.

Vontier Company 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.