Vontier Co. (NYSE:VNT) Stake Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in Vontier Co. (NYSE:VNT) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,987 shares of the company’s stock after selling 17,754 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vontier were worth $1,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VNT. Benjamin F. Edwards & Company Inc. bought a new stake in Vontier in the fourth quarter worth about $35,000. International Assets Investment Management LLC raised its holdings in Vontier by 3,355.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock worth $45,000 after buying an additional 1,275 shares during the period. Principal Securities Inc. acquired a new stake in Vontier during the 4th quarter worth about $50,000. Scarborough Advisors LLC acquired a new stake in Vontier during the 4th quarter worth about $56,000. Finally, CWM LLC raised its holdings in Vontier by 78.9% during the 4th quarter. CWM LLC now owns 1,911 shares of the company’s stock worth $66,000 after buying an additional 843 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VNT has been the topic of several recent analyst reports. Argus boosted their price objective on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Citigroup boosted their price objective on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Vontier Trading Up 0.9 %

NYSE:VNT opened at $39.54 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.57 and a quick ratio of 1.23. Vontier Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The stock’s 50-day moving average is $39.92 and its two-hundred day moving average is $39.01. The stock has a market cap of $6.10 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31.

Vontier (NYSE:VNT) last released its earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $755.80 million for the quarter, compared to analysts’ expectations of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. As a group, equities research analysts forecast that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s payout ratio is 3.62%.

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.