Vontier Co. (NYSE:VNT) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Vontier Co. (NYSE:VNT) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,900 shares of the company’s stock after selling 8,415 shares during the period. Amalgamated Bank owned 0.06% of Vontier worth $3,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VNT. Nordea Investment Management AB boosted its position in Vontier by 83.7% during the first quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock worth $9,459,000 after acquiring an additional 95,549 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Vontier by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock worth $4,941,000 after purchasing an additional 16,305 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Vontier in the first quarter valued at $27,770,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Vontier by 366.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock valued at $2,257,000 after purchasing an additional 39,100 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Vontier by 56.7% during the fourth quarter. Hsbc Holdings PLC now owns 181,232 shares of the company’s stock worth $6,262,000 after buying an additional 65,590 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Stock Performance

NYSE:VNT opened at $33.24 on Monday. The firm’s fifty day simple moving average is $35.25 and its 200 day simple moving average is $38.87. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.47 and a beta of 1.28.

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

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders 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 dividend yield of 0.30%. Vontier’s dividend payout ratio is currently 3.62%.

Analysts Set New Price Targets

VNT has been the subject of several recent analyst reports. Barclays lowered their price target on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Evercore ISI decreased their target price 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. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Robert W. Baird decreased their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.