Vontier Co. (NYSE:VNT) Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC increased its stake in Vontier Co. (NYSE:VNT) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,328 shares of the company’s stock after buying an additional 983 shares during the quarter. KPP Advisory Services LLC’s holdings in Vontier were worth $551,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of VNT. Envestnet Portfolio Solutions Inc. acquired a new stake in Vontier in the first quarter valued at approximately $205,000. Headlands Technologies LLC purchased a new stake in Vontier during the 1st quarter worth $46,000. US Bancorp DE lifted its holdings in Vontier by 15.2% in the 1st quarter. US Bancorp DE now owns 10,644 shares of the company’s stock worth $483,000 after buying an additional 1,401 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Vontier by 366.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock valued at $2,257,000 after buying an additional 39,100 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Vontier during the first quarter valued at about $810,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

VNT stock opened at $38.08 on Friday. The stock’s 50 day simple moving average is $34.93 and its 200 day simple moving average is $36.82. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. The firm has a market cap of $5.72 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.78 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 (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier’s dividend payout ratio is currently 3.83%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VNT shares. Argus cut Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI cut 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. Barclays raised their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Vontier presently has an average rating of “Moderate Buy” and an average target price of $44.50.

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.