Vontier Co. (NYSE:VNT) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its position in shares of Vontier Co. (NYSE:VNT) by 34.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 391,089 shares of the company’s stock after selling 207,668 shares during the period. Confluence Investment Management LLC’s holdings in Vontier were worth $13,195,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VNT. Olstein Capital Management L.P. increased its position in shares of Vontier by 50.5% in the 3rd quarter. Olstein Capital Management L.P. now owns 307,000 shares of the company’s stock valued at $10,358,000 after purchasing an additional 103,000 shares during the last quarter. Foster & Motley Inc. grew its stake in shares of Vontier by 227.8% during the third quarter. Foster & Motley Inc. now owns 46,327 shares of the company’s stock worth $1,563,000 after purchasing an additional 32,193 shares in the last quarter. River Road Asset Management LLC increased its holdings in Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after buying an additional 415,750 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in Vontier in the third quarter valued at $37,000. Finally, Van ECK Associates Corp purchased a new stake in Vontier during the 3rd quarter worth about $2,611,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

Shares of VNT opened at $40.45 on Friday. The company’s 50 day simple moving average is $34.16 and its 200-day simple moving average is $36.89. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. The firm has a market cap of $6.08 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same period in the prior year, the company earned $0.73 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.025 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s dividend payout ratio (DPR) is currently 3.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VNT shares. Robert W. Baird dropped their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI reduced their price objective on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Barclays increased their target price on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier 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.