Proficio Capital Partners LLC Buys Shares of 13,932 Vontier Co. (NYSE:VNT)

Proficio Capital Partners LLC bought a new stake in Vontier Co. (NYSE:VNT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,932 shares of the company’s stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. M&T Bank Corp purchased a new position in Vontier during the fourth quarter valued at approximately $209,000. Clark Estates Inc. NY purchased a new position in shares of Vontier during the 4th quarter valued at $3,058,000. Victory Capital Management Inc. increased its stake in shares of Vontier by 3.7% in the fourth quarter. Victory Capital Management Inc. now owns 46,403 shares of the company’s stock worth $1,692,000 after acquiring an additional 1,666 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Vontier by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company’s stock worth $53,988,000 after acquiring an additional 5,355 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Vontier by 12.2% during the fourth quarter. Jones Financial Companies Lllp now owns 5,987 shares of the company’s stock worth $218,000 after acquiring an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

VNT has been the topic of a number of recent research reports. Citigroup lowered their target price on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Robert W. Baird boosted their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. 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 shares of 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. Finally, Barclays raised their price target on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

Vontier Trading Up 2.4 %

Shares of VNT stock opened at $34.51 on Tuesday. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a market cap of $5.13 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The business’s 50 day moving average is $36.79 and its two-hundred day moving average is $36.39.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Equities analysts predict that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.29%. Vontier’s payout ratio is presently 3.64%.

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.