Artisan Partners Limited Partnership Takes $53.84 Million Position in Vontier Co. (NYSE:VNT)

Artisan Partners Limited Partnership bought a new stake in Vontier Co. (NYSE:VNTGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,341,825 shares of the company’s stock, valued at approximately $53,839,000. Artisan Partners Limited Partnership owned approximately 1.48% of Vontier as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of Vontier by 337.3% in the second quarter. ProShare Advisors LLC now owns 59,805 shares of the company’s stock valued at $1,374,000 after buying an additional 46,130 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Vontier by 107.3% in the first quarter. Quadrant Capital Group LLC now owns 1,866 shares of the company’s stock valued at $48,000 after buying an additional 966 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Vontier by 5.2% in the first quarter. Teacher Retirement System of Texas now owns 34,825 shares of the company’s stock valued at $884,000 after buying an additional 1,734 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Vontier by 22.3% in the first quarter. WINTON GROUP Ltd now owns 106,979 shares of the company’s stock valued at $2,716,000 after buying an additional 19,530 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Vontier by 11.3% in the first quarter. Raymond James & Associates now owns 272,994 shares of the company’s stock valued at $6,931,000 after buying an additional 27,691 shares during the last quarter. Institutional investors and hedge funds own 93.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Vontier from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, November 4th. Credit Suisse Group decreased their target price on Vontier from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Barclays decreased their target price on Vontier from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, October 3rd. Finally, Citigroup reduced their price target on Vontier from $29.00 to $23.00 in a research report on Monday, October 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Insider Activity at Vontier

In other Vontier news, CEO Mark D. Morelli purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average price of $17.42 per share, for a total transaction of $34,840.00. Following the purchase, the chief executive officer now owns 346,424 shares in the company, valued at $6,034,706.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Kathryn K. Rowen acquired 1,500 shares of the stock in a transaction on Friday, November 4th. The shares were purchased at an average price of $17.44 per share, for a total transaction of $26,160.00. Following the transaction, the senior vice president now directly owns 79,259 shares of the company’s stock, valued at $1,382,276.96. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark D. Morelli bought 2,000 shares of Vontier stock in a transaction dated Friday, November 4th. The shares were bought at an average cost of $17.42 per share, for a total transaction of $34,840.00. Following the completion of the acquisition, the chief executive officer now owns 346,424 shares in the company, valued at approximately $6,034,706.08. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Vontier Stock Up 0.8 %

VNT opened at $19.40 on Thursday. Vontier Co. has a 1-year low of $16.55 and a 1-year high of $33.50. The stock’s fifty day simple moving average is $18.49 and its 200 day simple moving average is $22.21. The company has a current ratio of 1.53, a quick ratio of 1.10 and a debt-to-equity ratio of 5.27. The stock has a market cap of $3.07 billion, a PE ratio of 7.21 and a beta of 1.35.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Thursday, December 1st will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, November 30th. Vontier’s dividend payout ratio (DPR) is presently 3.72%.

About Vontier

(Get Rating)

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

Read More

Institutional Ownership by Quarter for Vontier (NYSE:VNT)

Receive News & Ratings for Vontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vontier and related companies with MarketBeat.com's FREE daily email newsletter.