King Luther Capital Management Corp Has $5.60 Million Holdings in Vontier Co. (NYSE:VNT)

King Luther Capital Management Corp trimmed its stake in shares of Vontier Co. (NYSE:VNT) by 11.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,490 shares of the company’s stock after selling 18,224 shares during the period. King Luther Capital Management Corp owned approximately 0.09% of Vontier worth $5,596,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in Vontier in the fourth quarter valued at approximately $50,000. Dimensional Fund Advisors LP lifted its stake in shares of Vontier by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock worth $75,935,000 after buying an additional 178,560 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Vontier during the 4th quarter worth about $201,000. Norges Bank acquired a new stake in shares of Vontier during the 4th quarter worth about $60,612,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Vontier by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 365,825 shares of the company’s stock worth $12,639,000 after buying an additional 1,274 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays lowered their price target on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Robert W. Baird dropped their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Evercore ISI dropped their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Vontier Stock Performance

NYSE VNT opened at $33.24 on Friday. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.47 and a beta of 1.28. The company has a fifty day moving average price of $35.25 and a 200-day moving average price of $38.90.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). The firm had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. As a group, equities research analysts predict that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is presently 3.62%.

About Vontier

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.