State Street Corp Sells 50,383 Shares of Vontier Co. (NYSE:VNT)

State Street Corp cut its holdings in shares of Vontier Co. (NYSE:VNT) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,698,407 shares of the company’s stock after selling 50,383 shares during the period. State Street Corp owned approximately 3.13% of Vontier worth $158,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock valued at $98,011,000 after purchasing an additional 277,389 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Vontier by 9.8% in the second quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after purchasing an additional 227,388 shares in the last quarter. River Road Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 415,750 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Vontier by 2.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company’s stock valued at $74,252,000 after purchasing an additional 44,254 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Vontier by 3.7% in the second quarter. LSV Asset Management now owns 1,716,847 shares of the company’s stock valued at $65,584,000 after purchasing an additional 61,526 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Argus lowered Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays lifted their target price on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. UBS Group began coverage on Vontier in a research report on Tuesday. They issued a “buy” rating and a $47.00 target price on the stock. Evercore ISI lowered their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Citigroup lifted their target price on Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.44.

Vontier Trading Down 0.8 %

Shares of VNT stock opened at $39.60 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The stock has a market cap of $5.95 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The stock has a 50 day simple moving average of $37.18 and a 200 day simple moving average of $36.64. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm 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 company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts predict that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

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.