First United Bank & Trust reduced its holdings in Vontier Corporation (NYSE:VNT – Free Report) by 70.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,680 shares of the company’s stock after selling 6,380 shares during the period. First United Bank & Trust’s holdings in Vontier were worth $99,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Greenleaf Trust grew its holdings in Vontier by 1.8% in the second quarter. Greenleaf Trust now owns 79,692 shares of the company’s stock valued at $2,941,000 after purchasing an additional 1,389 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Vontier by 1.6% in the second quarter. Janney Montgomery Scott LLC now owns 41,649 shares of the company’s stock worth $1,537,000 after acquiring an additional 638 shares during the last quarter. Signet Financial Management LLC acquired a new stake in shares of Vontier in the second quarter worth approximately $2,239,000. TD Private Client Wealth LLC boosted its stake in shares of Vontier by 15.0% in the second quarter. TD Private Client Wealth LLC now owns 6,610 shares of the company’s stock worth $244,000 after acquiring an additional 863 shares during the last quarter. Finally, IMS Capital Management acquired a new stake in shares of Vontier in the second quarter worth approximately $402,000. 95.83% of the stock is owned by institutional investors and hedge funds.
Vontier Price Performance
NYSE:VNT opened at $41.98 on Wednesday. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $43.88. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $6.16 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.38 and a beta of 1.31. The stock’s fifty day moving average is $42.08 and its two-hundred day moving average is $37.20.
Vontier Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Vontier’s payout ratio is presently 3.80%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. KeyCorp assumed coverage on Vontier in a research note on Thursday, August 21st. They issued an “overweight” rating and a $50.00 price target on the stock. UBS Group lifted their price objective on Vontier from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Evercore ISI reiterated an “outperform” rating on shares of Vontier in a research report on Tuesday, August 19th. Argus upgraded Vontier from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Vontier from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.
View Our Latest Report on Vontier
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.
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