Vontier Co. (NYSE:VNT) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its holdings in Vontier Co. (NYSE:VNT) by 19.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 300,898 shares of the company’s stock after selling 73,219 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Vontier were worth $10,974,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stanley Capital Management LLC purchased a new position in shares of Vontier in the 2nd quarter valued at $17,954,000. Mackenzie Financial Corp raised its stake in shares of Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after acquiring an additional 227,388 shares during the period. XTX Topco Ltd raised its stake in shares of Vontier by 394.0% in the 2nd quarter. XTX Topco Ltd now owns 25,028 shares of the company’s stock valued at $956,000 after acquiring an additional 19,962 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Vontier by 37.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,373 shares of the company’s stock valued at $511,000 after acquiring an additional 3,655 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Vontier in the 3rd quarter valued at $1,349,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

VNT opened at $37.51 on Friday. The company has a 50-day moving average of $37.84 and a 200-day moving average of $36.27. The company has a market capitalization of $5.63 billion, a P/E ratio of 14.37, a PEG ratio of 1.54 and a beta of 1.26. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

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. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. Equities analysts expect that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VNT shares. Barclays cut their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, December 12th. Finally, UBS Group started coverage on shares of Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.