Cwm LLC lifted its position in shares of Vontier Corporation (NYSE:VNT – Free Report) by 175.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,813 shares of the company’s stock after buying an additional 24,085 shares during the period. Cwm LLC’s holdings in Vontier were worth $1,587,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in Vontier by 39.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Vontier by 75.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock valued at $45,000 after purchasing an additional 529 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Vontier in the second quarter valued at approximately $53,000. Steward Partners Investment Advisory LLC lifted its position in shares of Vontier by 29.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock worth $56,000 after purchasing an additional 338 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Vontier by 22.5% during the third quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock worth $78,000 after purchasing an additional 340 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.
Vontier Stock Up 1.7%
Shares of VNT stock opened at $37.81 on Monday. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $43.88. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.54 and a beta of 1.28. The firm’s 50-day moving average is $37.16 and its 200-day moving average is $39.48. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 1.18.
Vontier Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 20th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, November 20th. Vontier’s dividend payout ratio is 3.66%.
Analyst Ratings Changes
VNT has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Barclays reduced their price objective on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Bank of America restated an “underperform” rating and issued a $40.00 price objective (down previously from $50.00) on shares of Vontier in a report on Friday, November 14th. KeyCorp dropped their target price on Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Vontier in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.63.
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.
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