Quest Partners LLC Decreases Holdings in Vontier Co. (NYSE:VNT)

Quest Partners LLC reduced its holdings in shares of Vontier Co. (NYSE:VNT) by 91.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 783 shares of the company’s stock after selling 8,151 shares during the period. Quest Partners LLC’s holdings in Vontier were worth $30,000 at the end of the most recent reporting period.

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

Vontier Stock Performance

Shares of Vontier stock opened at $33.24 on Friday. Vontier Co. has a 12 month low of $28.84 and a 12 month high of $45.62. The firm has a market capitalization of $5.13 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.47 and a beta of 1.28. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. The business has a fifty day simple moving average of $35.25 and a two-hundred day simple moving average of $38.90.

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

Vontier Announces Dividend

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

Analyst Ratings Changes

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

Vontier 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.