Federated Hermes Inc. Boosts Stock Holdings in Vontier Co. (NYSE:VNT)

Federated Hermes Inc. raised its holdings in Vontier Co. (NYSE:VNT) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,071 shares of the company’s stock after purchasing an additional 12,791 shares during the quarter. Federated Hermes Inc. owned 0.20% of Vontier worth $11,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Vontier by 83.7% in the first quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock valued at $9,459,000 after buying an additional 95,549 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Vontier by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock worth $4,941,000 after purchasing an additional 16,305 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Vontier by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company’s stock valued at $79,086,000 after purchasing an additional 22,029 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Vontier by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock valued at $75,935,000 after purchasing an additional 178,560 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in Vontier during the first quarter worth about $27,770,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE VNT opened at $33.45 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. Vontier Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The business has a fifty day moving average of $35.69 and a 200-day moving average of $39.11. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. During the same period in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, analysts predict that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s dividend payout ratio (DPR) is currently 3.62%.

Analysts Set New Price Targets

VNT has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays reduced their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Evercore ISI decreased their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Argus cut Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average price target of $44.25.

Vontier Company 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.