470,000 Shares in Vontier Co. (NYSE:VNT) Acquired by Stanley Capital Management LLC

Stanley Capital Management LLC purchased a new position in Vontier Co. (NYSE:VNT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 470,000 shares of the company’s stock, valued at approximately $17,954,000. Vontier accounts for 3.7% of Stanley Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Stanley Capital Management LLC owned about 0.30% of Vontier at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Vontier in the first quarter worth about $27,000. Opal Wealth Advisors LLC purchased a new stake in Vontier during the 1st quarter worth approximately $30,000. Riverview Trust Co acquired a new position in shares of Vontier in the 1st quarter valued at approximately $33,000. ORG Partners LLC purchased a new position in shares of Vontier during the 1st quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Vontier during the second quarter worth approximately $44,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vontier Stock Up 0.4 %

NYSE:VNT opened at $33.38 on Tuesday. 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 stock has a 50 day moving average of $35.25 and a 200-day moving average of $38.84. The firm has a market capitalization of $5.15 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. Vontier Co. has a 52 week low of $28.84 and a 52 week high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The company had revenue of $696.40 million for 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%. Vontier’s quarterly 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 earnings per share. Analysts predict that Vontier Co. will post 2.88 EPS for the current year.

Vontier Announces Dividend

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

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.