Raymond James & Associates Has $7.93 Million Position in Vontier Co. (NYSE:VNT)

Raymond James & Associates lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,891 shares of the company’s stock after purchasing an additional 31,952 shares during the quarter. Raymond James & Associates owned 0.15% of Vontier worth $7,925,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VNT. ORG Partners LLC acquired a new stake in Vontier in the 1st quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in Vontier in the 2nd quarter valued at approximately $44,000. Headlands Technologies LLC acquired a new stake in Vontier in the 1st quarter valued at approximately $46,000. Fifth Third Bancorp raised its position in Vontier by 32.0% in the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after buying an additional 786 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after buying an additional 410 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Up 0.4 %

VNT stock opened at $34.08 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. The business has a 50 day moving average price of $33.85 and a two-hundred day moving average price of $36.98. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.50 and a beta of 1.27. Vontier Co. has a twelve month low of $29.16 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The company had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Analysts anticipate that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. Vontier’s dividend payout ratio is currently 3.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Evercore ISI dropped their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Robert W. Baird dropped their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays decreased their price target on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Vontier has an average rating of “Moderate Buy” and an average target price of $44.25.

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.