Dynamic Advisor Solutions LLC Grows Position in Vontier Co. (NYSE:VNT)

by · The Markets Daily

Dynamic Advisor Solutions LLC raised its holdings in Vontier Co. (NYSE:VNT – Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,418 shares of the company’s stock after acquiring an additional 864 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Vontier were worth $925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of Vontier by 83.7% during the 1st quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock valued at $9,459,000 after purchasing an additional 95,549 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Vontier by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock valued at $4,941,000 after purchasing an additional 16,305 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Vontier during the 1st quarter valued at about $27,770,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Vontier by 366.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock valued at $2,257,000 after purchasing an additional 39,100 shares during the last quarter. Finally, Natixis bought a new position in shares of Vontier during the 1st quarter valued at about $2,785,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VNT shares. 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 report on Friday, August 2nd. Evercore ISI reduced their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Barclays reduced their price target on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Vontier presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Get Our Latest Analysis on Vontier

Vontier Stock Up 1.0 %

Shares of NYSE:VNT opened at $33.88 on Friday. The stock has a fifty day simple moving average of $33.60 and a two-hundred day simple moving average of $37.92. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.47 and a beta of 1.27. Vontier Co. has a 12-month low of $28.84 and a 12-month high of $45.62. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14.

Vontier (NYSE:VNT – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The company had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, research analysts anticipate that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, September 5th. Vontier’s payout ratio is 3.86%.

Vontier Profile

(Free Report)

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.

See Also

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