State Street Corp Has $158.52 Million Holdings in Vontier Co. (NYSE:VNT)

State Street Corp cut its stake in shares of Vontier Co. (NYSE:VNT) by 1.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,698,407 shares of the company’s stock after selling 50,383 shares during the quarter. State Street Corp’s holdings in Vontier were worth $158,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Vontier by 651.9% in the second quarter. SG Americas Securities LLC now owns 29,895 shares of the company’s stock valued at $1,142,000 after purchasing an additional 25,919 shares during the period. Wedge Capital Management L L P NC increased its holdings in 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 purchasing an additional 58,362 shares during the period. Stanley Capital Management LLC acquired a new stake in Vontier in the second quarter valued at $17,954,000. Cornercap Investment Counsel Inc. acquired a new stake in Vontier in the second quarter valued at $1,060,000. Finally, Mackenzie Financial Corp increased its holdings in 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 purchasing an additional 227,388 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays increased their price target on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. UBS Group initiated coverage on Vontier in a report on Tuesday. They set a “buy” rating and a $47.00 price target for the company. Citigroup increased their price target on Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Evercore ISI decreased their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.44.

Vontier Stock Performance

Shares of VNT opened at $39.60 on Friday. 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 stock has a 50-day moving average of $37.18 and a 200-day moving average of $36.64. The company has a market cap of $5.95 billion, a PE ratio of 15.17, a P/E/G ratio of 1.83 and a beta of 1.24. Vontier Co. has a one year low of $31.22 and a one year high of $45.62.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.73 EPS. On average, equities research analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s dividend payout ratio (DPR) is currently 3.83%.

About Vontier

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.