Vontier Co. (NYSE:VNT) Shares Purchased by KBC Group NV

KBC Group NV increased its holdings in Vontier Co. (NYSE:VNT) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,978 shares of the company’s stock after buying an additional 592 shares during the quarter. KBC Group NV’s holdings in Vontier were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co boosted its stake in shares of Vontier by 17.6% in the first 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 last quarter. Natixis acquired a new stake in shares of Vontier during the 1st quarter worth approximately $2,785,000. Edgestream Partners L.P. purchased a new position in shares of Vontier during the 1st quarter valued at approximately $810,000. Boston Partners acquired a new position in shares of Vontier in the 1st quarter valued at $1,231,000. Finally, SG Americas Securities LLC boosted its holdings in Vontier by 651.9% during the second quarter. SG Americas Securities LLC now owns 29,895 shares of the company’s stock worth $1,142,000 after buying an additional 25,919 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VNT. Evercore ISI cut their price objective 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. Barclays lifted their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Robert W. Baird cut their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.50.

Vontier Price Performance

NYSE:VNT opened at $37.08 on Wednesday. The stock has a 50 day moving average of $35.14 and a two-hundred day moving average of $36.76. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The firm has a market cap of $5.57 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

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

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s dividend payout ratio is currently 3.83%.

About Vontier

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.