Greenleaf Trust Cuts Stock Holdings in Vontier Co. (NYSE:VNT)

Greenleaf Trust decreased its holdings in shares of Vontier Co. (NYSE:VNT) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 78,924 shares of the company’s stock after selling 441 shares during the period. Greenleaf Trust’s holdings in Vontier were worth $2,878,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Vontier by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after purchasing an additional 18,091 shares during the period. River Road Asset Management LLC boosted its holdings in shares of Vontier by 21.4% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vontier by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company’s stock valued at $49,766,000 after buying an additional 42,357 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Vontier by 11.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock valued at $44,246,000 after buying an additional 132,312 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Vontier by 7.2% in the 3rd quarter. Royce & Associates LP now owns 1,222,833 shares of the company’s stock valued at $41,258,000 after buying an additional 81,981 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Down 1.3 %

VNT stock opened at $38.55 on Monday. The firm has a 50 day moving average of $37.80 and a 200 day moving average of $36.21. The stock has a market capitalization of $5.79 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62.

Vontier (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping 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 company had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same period last year, the business earned $0.73 EPS. Vontier’s revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts forecast that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Thursday, November 21st. Vontier’s dividend payout ratio is presently 3.83%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VNT shares. UBS Group started coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Citigroup lowered their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, December 12th. Finally, Barclays lowered their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Vontier currently has a consensus rating of “Moderate Buy” and an average target price of $44.63.

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.