Guggenheim Capital LLC Has $311,000 Stock Holdings in Vontier Co. (NYSE:VNT)

Guggenheim Capital LLC trimmed its position in Vontier Co. (NYSE:VNT – Get Rating) by 75.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,575 shares of the company’s stock after selling 56,854 shares during the quarter. Guggenheim Capital LLC’s holdings in Vontier were worth $311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC grew its holdings in Vontier by 597.6% in the 3rd quarter. Verition Fund Management LLC now owns 406,353 shares of the company’s stock valued at $6,790,000 after buying an additional 348,101 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in Vontier by 202.0% in the 3rd quarter. Boothbay Fund Management LLC now owns 27,096 shares of the company’s stock valued at $453,000 after buying an additional 18,125 shares in the last quarter. Ergoteles LLC acquired a new position in Vontier in the 3rd quarter valued at $992,000. Nuveen Asset Management LLC grew its holdings in Vontier by 3.4% in the 3rd quarter. Nuveen Asset Management LLC now owns 1,815,576 shares of the company’s stock valued at $30,338,000 after buying an additional 59,329 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. grew its holdings in Vontier by 7.6% in the 3rd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 739,589 shares of the company’s stock valued at $12,359,000 after buying an additional 52,042 shares in the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.

Vontier Price Performance

Shares of VNT stock opened at $25.65 on Monday. Vontier Co. has a twelve month low of $16.55 and a twelve month high of $28.45. The business has a fifty day simple moving average of $23.57 and a 200 day simple moving average of $20.73. The company has a quick ratio of 1.12, a current ratio of 1.49 and a debt-to-equity ratio of 4.46. The company has a market cap of $3.98 billion, a P/E ratio of 10.43, a P/E/G ratio of 3.21 and a beta of 1.27.

Vontier (NYSE:VNT – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported $0.81 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.81. Vontier had a return on equity of 92.95% and a net margin of 12.60%. The business had revenue of $871.90 million during the quarter, compared to analysts’ expectations of $791.92 million. During the same quarter in the prior year, the firm earned $0.83 EPS. On average, sell-side analysts forecast that Vontier Co. will post 2.81 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 2nd will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. Vontier’s payout ratio is presently 4.07%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VNT shares. The Goldman Sachs Group upped their target price on Vontier from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, February 21st. TheStreet upgraded Vontier from a “d+” rating to a “c-” rating in a research report on Monday, February 13th. Bank of America downgraded Vontier from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $21.00 in a research report on Monday, December 12th. Credit Suisse Group started coverage on Vontier in a research report on Monday, December 12th. They set a “neutral” rating and a $21.00 target price for the company. Finally, Citigroup upped their target price on Vontier from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vontier presently has a consensus rating of “Hold” and a consensus price target of $26.17.

Vontier Company Profile

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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.