Envestnet Portfolio Solutions Inc. Purchases New Holdings in Vontier Co. (NYSE:VNT)

Envestnet Portfolio Solutions Inc. acquired a new position in Vontier Co. (NYSE:VNT) in the 4th quarter, HoldingsChannel reports. The fund acquired 6,158 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after purchasing an additional 272,166 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Vontier during the fourth quarter worth approximately $508,000. Integrated Investment Consultants LLC increased its position in shares of Vontier by 14.7% during the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after acquiring an additional 8,657 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Vontier in the fourth quarter valued at approximately $2,918,000. Finally, Oppenheimer Asset Management Inc. grew its stake in Vontier by 48.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock worth $888,000 after purchasing an additional 7,909 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VNT. Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. UBS Group initiated coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Barclays lowered their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup cut their price target on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Vontier Trading Down 2.3 %

Shares of NYSE:VNT opened at $32.77 on Friday. The business’s 50-day moving average is $36.53 and its 200 day moving average is $36.37. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The firm has a market capitalization of $4.87 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. On average, research analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Thursday, March 6th. Vontier’s dividend payout ratio (DPR) is presently 3.64%.

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.