Raymond James & Associates Cuts Stock Position in Vontier Co. (NYSE:VNT)

Raymond James & Associates cut its holdings in Vontier Co. (NYSE:VNT – Get Rating) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 281,272 shares of the company’s stock after selling 6,290 shares during the quarter. Raymond James & Associates owned 0.18% of Vontier worth $5,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arizona State Retirement System grew its holdings in shares of Vontier by 1.9% in the fourth quarter. Arizona State Retirement System now owns 44,568 shares of the company’s stock valued at $861,000 after purchasing an additional 815 shares in the last quarter. John G Ullman & Associates Inc. grew its holdings in shares of Vontier by 2.6% in the fourth quarter. John G Ullman & Associates Inc. now owns 32,676 shares of the company’s stock valued at $632,000 after purchasing an additional 836 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Vontier by 0.9% in the first quarter. Yousif Capital Management LLC now owns 89,875 shares of the company’s stock valued at $2,282,000 after purchasing an additional 836 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Vontier by 1.4% in the fourth quarter. ProShare Advisors LLC now owns 64,186 shares of the company’s stock valued at $1,241,000 after purchasing an additional 858 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Vontier by 58.0% during the third quarter. Quadrant Capital Group LLC now owns 2,647 shares of the company’s stock worth $44,000 after buying an additional 972 shares during the period. 92.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on VNT. Citigroup lifted their price objective on shares of Vontier from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 17th. Barclays lifted their price objective on shares of Vontier from $31.00 to $34.00 in a research note on Wednesday, May 10th. Argus lifted their price objective on shares of Vontier from $32.00 to $35.00 in a research note on Friday. TheStreet raised shares of Vontier from a “d+” rating to a “c-” rating in a research note on Monday, February 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Vontier from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, March 27th. Four investment 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, the stock has a consensus rating of “Hold” and an average target price of $28.83.

Vontier Stock Down 0.2 %

Shares of VNT opened at $29.22 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 3.94. The firm has a fifty day moving average price of $26.92 and a 200-day moving average price of $23.48. The firm has a market capitalization of $4.55 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.64 and a beta of 1.27. Vontier Co. has a 12-month low of $16.55 and a 12-month high of $29.73.

Vontier (NYSE:VNT – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $776.40 million during the quarter, compared to the consensus estimate of $725.03 million. Vontier had a return on equity of 87.50% and a net margin of 7.28%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Equities research analysts expect that Vontier Co. will post 2.83 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be issued a $0.025 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.34%. Vontier’s dividend payout ratio is presently 6.71%.

Vontier 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.