Oppenheimer Asset Management Inc. Has $511,000 Position in Vontier Co. (NYSE:VNT)

Oppenheimer Asset Management Inc. grew its position in Vontier Co. (NYSE:VNT) by 37.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,373 shares of the company’s stock after acquiring an additional 3,655 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Vontier were worth $511,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB raised its stake in 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 during the period. CANADA LIFE ASSURANCE Co raised its stake in Vontier by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock valued at $4,941,000 after acquiring an additional 16,305 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Vontier by 8.8% during the 4th 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 last quarter. Confluence Investment Management LLC bought a new position in Vontier during the first quarter worth $27,770,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Vontier by 366.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock valued at $2,257,000 after purchasing an additional 39,100 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Down 2.3 %

Shares of NYSE VNT opened at $33.24 on Friday. Vontier Co. has a 52 week low of $28.84 and a 52 week high of $45.62. The stock’s fifty day moving average is $35.25 and its 200 day moving average is $38.90. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The stock has a market capitalization of $5.13 billion, a P/E ratio of 12.04, a PEG ratio of 1.47 and a beta of 1.28.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. Vontier’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. 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 announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, September 5th. Vontier’s dividend payout ratio is presently 3.62%.

Wall Street Analysts Forecast Growth

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