M&T Bank Corp Acquires Shares of 5,722 Vontier Co. (NYSE:VNT)

M&T Bank Corp acquired a new stake in Vontier Co. (NYSE:VNT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,722 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after buying an additional 18,091 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Vontier by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company’s stock valued at $54,946,000 after buying an additional 30,362 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Vontier by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company’s stock valued at $53,988,000 after buying an additional 5,355 shares during the last quarter. Truist Financial Corp boosted its position in Vontier by 5.4% in the 4th quarter. Truist Financial Corp now owns 1,415,317 shares of the company’s stock valued at $51,617,000 after buying an additional 72,787 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Vontier by 11.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock valued at $44,246,000 after buying an additional 132,312 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on VNT. Robert W. Baird upped their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. Citigroup reduced their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays increased their price target on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.43.

Vontier Price Performance

VNT opened at $33.19 on Friday. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The company’s 50-day moving average price is $37.08 and its 200 day moving average price is $36.39. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $776.80 million for the quarter. As a group, sell-side analysts expect that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s payout ratio is currently 3.64%.

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.