Van ECK Associates Corp Has $5.41 Million Holdings in Vontier Co. (NYSE:VNT)

Van ECK Associates Corp grew its holdings in shares of Vontier Co. (NYSE:VNT) by 94.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,253 shares of the company’s stock after acquiring an additional 71,963 shares during the quarter. Van ECK Associates Corp owned 0.10% of Vontier worth $5,407,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. lifted its stake in Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after purchasing an additional 431 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after purchasing an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Vontier in the third quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vontier during the 3rd quarter worth approximately $40,000. Finally, Covestor Ltd increased its stake in shares of Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after acquiring an additional 395 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Up 2.3 %

Shares of VNT opened at $40.17 on Wednesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a market capitalization of $6.03 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.75 and a beta of 1.26. The firm’s 50 day simple moving average is $37.71 and its 200 day simple moving average is $36.19.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $776.80 million during the quarter. Sell-side analysts forecast that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, March 6th. Vontier’s payout ratio is 3.83%.

Analyst Ratings Changes

Several brokerages recently issued reports on VNT. Citigroup cut their target price on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group initiated coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective on the stock. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Thursday, December 12th. Barclays boosted their price target on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Robert W. Baird boosted their price target on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.88.

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.