Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Vontier Co. (NYSE:VNT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,974 shares of the company’s stock, valued at approximately $332,000.
A number of other large investors have also recently bought and sold shares of the business. South State CORP. acquired a new position in shares of Vontier in the 4th quarter valued at $29,000. Berman Capital Advisors LLC acquired a new position in shares of Vontier in the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. acquired a new position in shares of Vontier in the 4th quarter valued at $33,000. AdvisorNet Financial Inc acquired a new position in shares of Vontier in the 1st quarter valued at $30,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Vontier in the 4th quarter valued at $33,000. 89.72% of the stock is currently owned by hedge funds and other institutional investors.
VNT has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Vontier in a research note on Thursday, June 3rd. They issued a “neutral” rating and a $40.00 price target on the stock. Argus upgraded shares of Vontier from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Thursday, May 20th. JPMorgan Chase & Co. assumed coverage on shares of Vontier in a research report on Thursday, May 27th. They issued a “neutral” rating and a $37.00 price objective for the company. Zacks Investment Research upgraded shares of Vontier from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, May 26th. Finally, Bank of America assumed coverage on shares of Vontier in a research report on Thursday, February 25th. They issued a “buy” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Vontier has a consensus rating of “Buy” and an average target price of $39.50.
Vontier (NYSE:VNT) last released its earnings results on Thursday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.08. The firm had revenue of $707.40 million for the quarter, compared to the consensus estimate of $669.40 million. Vontier’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. On average, equities analysts expect that Vontier Co. will post 2.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 24th. Shareholders of record on Thursday, June 3rd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Wednesday, June 2nd. Vontier’s dividend payout ratio (DPR) is presently 4.05%.
Vontier Company Profile
Vontier Corporation engages in the research and development, manufacture, sale, and distribution of critical technical equipment, components, software, and services for manufacturing, repair, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, and vehicle tracking and fleet management software solutions for traffic light control and vehicle mechanics', and technicians' equipment.
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