MML Investors Services LLC Purchases 4,595 Shares of Vontier Co. (NYSE:VNT)

MML Investors Services LLC raised its position in Vontier Co. (NYSE:VNT) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,282 shares of the company’s stock after purchasing an additional 4,595 shares during the period. MML Investors Services LLC’s holdings in Vontier were worth $1,393,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its holdings in shares of Vontier by 18.5% in the third quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock valued at $12,623,000 after buying an additional 58,362 shares during the period. Stanley Capital Management LLC acquired a new position in shares of Vontier in the second quarter valued at approximately $17,954,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Vontier in the second quarter valued at approximately $1,060,000. Mackenzie Financial Corp boosted its holdings in shares of Vontier by 9.8% in the second quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after buying an additional 227,388 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of Vontier by 1.6% in the second quarter. New York State Teachers Retirement System now owns 194,193 shares of the company’s stock valued at $7,418,000 after buying an additional 3,003 shares during the period. Institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VNT shares. Citigroup upped their price target on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a report on Monday, December 9th. UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Barclays increased their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.44.

Vontier Stock Performance

Shares of VNT stock opened at $36.95 on Thursday. The stock has a market cap of $5.55 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.85 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The company has a fifty day moving average price of $37.47 and a two-hundred day moving average price of $36.59. Vontier Co. has a one year low of $31.22 and a one year high of $45.62.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 13.54% and a return on equity of 45.48%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities analysts predict that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

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

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.