Dimensional Fund Advisors LP Grows Stock Holdings in Vontier Co. (NYSE:VNT)

Dimensional Fund Advisors LP increased its holdings in shares of Vontier Co. (NYSE:VNT) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,565,767 shares of the company’s stock after purchasing an additional 277,389 shares during the period. Dimensional Fund Advisors LP owned approximately 1.67% of Vontier worth $98,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ritholtz Wealth Management grew its position in Vontier by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after purchasing an additional 420 shares during the period. Blue Trust Inc. raised its position in Vontier by 15.8% during the second quarter. Blue Trust Inc. now owns 3,761 shares of the company’s stock valued at $144,000 after acquiring an additional 513 shares in the last quarter. Rise Advisors LLC acquired a new position in Vontier in the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new stake in Vontier in the 1st quarter worth approximately $30,000. Finally, Riverview Trust Co acquired a new stake in shares of Vontier during the 1st quarter worth approximately $33,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Robert W. Baird lowered their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barclays dropped their target price on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Evercore ISI reduced 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Vontier Stock Down 0.3 %

Shares of NYSE VNT opened at $33.27 on Wednesday. The company has a market capitalization of $5.14 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.47 and a beta of 1.28. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The company has a 50 day simple moving average of $35.11 and a 200-day simple moving average of $38.76. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last announced its quarterly 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 business 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%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS. On average, equities research analysts predict that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

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

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.