Massachusetts Financial Services Co. MA Buys 49,017 Shares of Vontier Co. (NYSE:VNT)

Massachusetts Financial Services Co. MA grew its stake in Vontier Co. (NYSE:VNT) by 5.4% in the third quarter, HoldingsChannel.com reports. The fund owned 951,449 shares of the company’s stock after acquiring an additional 49,017 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Vontier were worth $32,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after purchasing an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Vontier during the 3rd quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC bought a new stake in Vontier during the 2nd quarter worth approximately $44,000. Covestor Ltd increased its stake in Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after purchasing an additional 395 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock worth $124,000 after purchasing an additional 786 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays increased their target price on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI lowered their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Robert W. Baird reduced their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Vontier presently has an average rating of “Moderate Buy” and an average price target of $44.50.

Vontier Trading Up 0.5 %

NYSE VNT opened at $39.02 on Tuesday. The company has a market cap of $5.86 billion, a PE ratio of 14.95, a PEG ratio of 1.82 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The stock has a 50 day moving average of $35.59 and a 200-day moving average of $36.70.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. On average, equities research analysts anticipate that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier’s payout ratio is presently 3.83%.

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.