Marathon Asset Management Ltd cut its holdings in Vontier Corporation (NYSE:VNT – Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,242 shares of the company’s stock after selling 20,131 shares during the period. Marathon Asset Management Ltd’s holdings in Vontier were worth $7,705,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Lazard Asset Management LLC increased its holdings in shares of Vontier by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock worth $129,000 after buying an additional 253 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Vontier by 0.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 38,681 shares of the company’s stock worth $1,629,000 after buying an additional 268 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Vontier by 12.7% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the company’s stock worth $100,000 after buying an additional 304 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Vontier by 4.3% during the 4th quarter. HB Wealth Management LLC now owns 8,237 shares of the company’s stock worth $306,000 after purchasing an additional 340 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Vontier by 2.3% during the 3rd quarter. Advisory Services Network LLC now owns 17,474 shares of the company’s stock worth $733,000 after purchasing an additional 400 shares during the period. 95.83% of the stock is currently owned by institutional investors.
Vontier Price Performance
Vontier stock opened at $27.79 on Wednesday. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90. Vontier Corporation has a 1 year low of $27.74 and a 1 year high of $48.20. The firm has a 50-day moving average of $34.94 and a two-hundred day moving average of $36.99.
Vontier announced that its board has approved a stock repurchase plan on Tuesday, May 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 25.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Vontier Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.025 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. Vontier’s payout ratio is currently 3.53%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Weiss Ratings cut shares of Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Evercore set a $36.00 price target on shares of Vontier in a research note on Monday, May 11th. Wall Street Zen cut shares of Vontier from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird set a $37.00 price target on shares of Vontier in a research note on Friday, May 8th. Finally, Barclays dropped their price target on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.38.
View Our Latest Analysis on Vontier
About Vontier
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.
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