Great Lakes Advisors LLC Makes New Investment in Vontier Co. (NYSE:VNT)

Great Lakes Advisors LLC bought a new stake in Vontier Co. (NYSE:VNT) during the 4th quarter, Holdings Channel reports. The firm bought 5,942 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors have also modified their holdings of the stock. Atria Investments Inc increased its stake in Vontier by 5.4% in the 3rd quarter. Atria Investments Inc now owns 14,083 shares of the company’s stock valued at $475,000 after buying an additional 718 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Vontier by 22.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 16,433 shares of the company’s stock worth $554,000 after purchasing an additional 3,060 shares in the last quarter. KBC Group NV lifted its position in Vontier by 4.8% in the third quarter. KBC Group NV now owns 12,978 shares of the company’s stock valued at $438,000 after purchasing an additional 592 shares during the period. Natixis Advisors LLC boosted its holdings in Vontier by 3.6% in the 3rd quarter. Natixis Advisors LLC now owns 117,064 shares of the company’s stock valued at $3,950,000 after purchasing an additional 4,116 shares in the last quarter. Finally, KPP Advisory Services LLC increased its position in Vontier by 6.4% during the 3rd quarter. KPP Advisory Services LLC now owns 16,328 shares of the company’s stock worth $551,000 after purchasing an additional 983 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VNT shares. UBS Group assumed coverage on Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Thursday, December 12th. Robert W. Baird increased their price target on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Citigroup decreased their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Barclays increased their target price on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Vontier Stock Up 3.4 %

Shares of NYSE VNT opened at $33.19 on Monday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The firm’s 50-day moving average is $37.08 and its two-hundred day moving average is $36.40. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. The company has a market capitalization of $4.93 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million for the quarter. Equities analysts anticipate that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s dividend payout ratio (DPR) is 3.64%.

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.