Park Avenue Securities LLC Cuts Stock Position in Vontier Co. (NYSE:VNT)

Park Avenue Securities LLC decreased its holdings in shares of Vontier Co. (NYSE:VNT) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,278 shares of the company’s stock after selling 812 shares during the period. Park Avenue Securities LLC’s holdings in Vontier were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. purchased a new position in Vontier during the fourth quarter valued at $3,662,000. Assenagon Asset Management S.A. purchased a new stake in shares of Vontier during the fourth quarter worth approximately $2,192,000. Mutual of America Capital Management LLC raised its stake in Vontier by 71.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock valued at $5,949,000 after purchasing an additional 71,515 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Vontier by 89.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock worth $1,678,000 after purchasing an additional 25,632 shares during the last quarter. Finally, Segment Wealth Management LLC purchased a new stake in shares of Vontier during the fourth quarter worth $900,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Up 0.2 %

Shares of Vontier stock opened at $38.20 on Friday. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.11 and a beta of 1.31. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.23 and a current ratio of 1.57. Vontier Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The stock has a 50 day moving average of $39.72 and a 200 day moving average of $39.20.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $755.80 million during the quarter, compared to analyst estimates of $754.50 million. Vontier had a net margin of 14.02% and a return on equity of 54.84%. Vontier’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, research analysts predict that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 3.62%.

Analyst Ratings Changes

VNT has been the subject of several research reports. Argus upped their price objective on shares of Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Citigroup increased their price target on Vontier from $45.00 to $51.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat.com, Vontier currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.