Stifel Financial Corp Grows Stock Holdings in Vontier Co. (NYSE:VNT)

Stifel Financial Corp lifted its holdings in Vontier Co. (NYSE:VNT) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,782 shares of the company’s stock after acquiring an additional 1,967 shares during the quarter. Stifel Financial Corp owned 0.06% of Vontier worth $3,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNT. International Assets Investment Management LLC boosted its holdings in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Vontier in the third quarter worth about $37,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier during the 2nd quarter worth about $44,000. Covestor Ltd grew its position in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after acquiring an additional 395 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Vontier by 32.0% in the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after purchasing an additional 786 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Down 3.3 %

Shares of VNT opened at $38.14 on Wednesday. The firm’s fifty day moving average is $37.40 and its two-hundred day moving average is $36.59. The stock has a market cap of $5.73 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62.

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

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier’s payout ratio is 3.83%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VNT shares. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Barclays boosted their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Citigroup lifted their target price on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.44.

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.