Mitsubishi UFJ Trust & Banking Corp Makes New $706,000 Investment in Vontier Corporation $VNT

Mitsubishi UFJ Trust & Banking Corp bought a new stake in Vontier Corporation (NYSE:VNT) in the 3rd quarter, HoldingsChannel reports. The firm bought 16,824 shares of the company’s stock, valued at approximately $706,000.

Several other institutional investors have also modified their holdings of VNT. Lazard Asset Management LLC boosted its position in shares of Vontier by 7.7% during the 2nd quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock valued at $129,000 after acquiring an additional 253 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Vontier by 39.0% during the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the last quarter. Versant Capital Management Inc raised its stake in Vontier by 15.4% during the third quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock worth $94,000 after purchasing an additional 299 shares during the period. Blue Trust Inc. boosted its holdings in Vontier by 5.8% in the 3rd quarter. Blue Trust Inc. now owns 5,702 shares of the company’s stock valued at $239,000 after purchasing an additional 315 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Vontier by 29.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock valued at $56,000 after buying an additional 338 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analyst Weigh In

VNT has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vontier in a research report on Monday, December 29th. Robert W. Baird cut their target price on Vontier from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. KeyCorp reduced their target price on Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Wall Street Zen cut Vontier from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Barclays cut their price objective on Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average price target of $45.63.

Vontier Price Performance

VNT stock opened at $37.47 on Friday. The business’s fifty day moving average price is $37.26 and its 200 day moving average price is $39.51. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.88. The company has a current ratio of 1.18, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $5.44 billion, a PE ratio of 13.72, a P/E/G ratio of 1.53 and a beta of 1.28.

Vontier (NYSE:VNT) last released its earnings results on Thursday, October 30th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $752.50 million during the quarter, compared to the consensus estimate of $747.32 million. Vontier had a return on equity of 40.49% and a net margin of 13.34%.Vontier’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. On average, sell-side analysts anticipate that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 20th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, November 20th. Vontier’s dividend payout ratio is presently 3.66%.

Vontier Company Profile

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.