Vontier Co. (NYSE:VNT) Shares Sold by Vestcor Inc

Vestcor Inc cut its holdings in shares of Vontier Co. (NYSE:VNT) by 34.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,227 shares of the company’s stock after selling 5,792 shares during the quarter. Vestcor Inc’s holdings in Vontier were worth $409,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Atria Investments Inc boosted its holdings in Vontier by 5.4% in the third quarter. Atria Investments Inc now owns 14,083 shares of the company’s stock valued at $475,000 after purchasing an additional 718 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Vontier by 22.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,433 shares of the company’s stock valued at $554,000 after buying an additional 3,060 shares during the period. KBC Group NV grew its position in shares of Vontier by 4.8% during the third quarter. KBC Group NV now owns 12,978 shares of the company’s stock worth $438,000 after buying an additional 592 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Vontier by 3.6% during the third quarter. Natixis Advisors LLC now owns 117,064 shares of the company’s stock worth $3,950,000 after buying an additional 4,116 shares during the period. Finally, Quest Partners LLC raised its holdings in Vontier by 475.4% in the third quarter. Quest Partners LLC now owns 4,505 shares of the company’s stock valued at $152,000 after acquiring an additional 3,722 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Up 1.0 %

VNT opened at $33.47 on Tuesday. Vontier Co. has a one year low of $31.22 and a one year high of $45.62. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The stock has a market capitalization of $4.98 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The business’s 50-day simple moving average is $37.01 and its 200-day simple moving average is $36.39.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $776.80 million for the quarter. Analysts anticipate that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s dividend payout ratio (DPR) is 3.64%.

Analyst Ratings Changes

VNT has been the subject of several analyst reports. Barclays boosted their price target on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Citigroup dropped their target price on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Robert W. Baird upped their price objective on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Finally, Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and an average target price of $45.43.

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.