Anchor Capital Advisors LLC Trims Position in Vontier Co. (NYSE:VNT)

Anchor Capital Advisors LLC trimmed its stake in Vontier Co. (NYSE:VNT) by 96.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,848 shares of the company’s stock after selling 1,106,951 shares during the period. Anchor Capital Advisors LLC’s holdings in Vontier were worth $1,380,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VNT. Geode Capital Management LLC raised its stake in shares of Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after acquiring an additional 18,091 shares in the last quarter. River Road Asset Management LLC increased its holdings in Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after purchasing an additional 415,750 shares during the period. Bank of New York Mellon Corp raised its position in Vontier by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company’s stock valued at $54,946,000 after purchasing an additional 30,362 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $49,766,000 after buying an additional 42,357 shares during the period. Finally, Truist Financial Corp grew its position in shares of Vontier by 5.4% during the 4th quarter. Truist Financial Corp now owns 1,415,317 shares of the company’s stock worth $51,617,000 after buying an additional 72,787 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Up 0.8 %

NYSE:VNT opened at $37.34 on Friday. The company’s 50-day simple moving average is $37.69 and its 200-day simple moving average is $36.43. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The stock has a market capitalization of $5.55 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company had revenue of $776.80 million during the quarter. On average, equities analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, March 6th. Vontier’s dividend payout ratio is currently 3.64%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VNT. Barclays lifted their price objective on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Robert W. Baird upped their price target on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Citigroup cut their price objective 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. Finally, UBS Group initiated coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average target price of $45.43.

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.