Front Street Capital Management Inc. Cuts Stock Position in Vontier Co. (NYSE:VNT)

Front Street Capital Management Inc. cut its position in Vontier Co. (NYSE:VNT) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,943 shares of the company’s stock after selling 5,762 shares during the period. Vontier accounts for 1.6% of Front Street Capital Management Inc.’s holdings, making the stock its 18th largest position. Front Street Capital Management Inc. owned about 0.14% of Vontier worth $8,364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VNT. Nordea Investment Management AB boosted its stake 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 buying an additional 95,549 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Vontier by 17.6% during the 1st 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 period. Confluence Investment Management LLC purchased a new stake in Vontier during the 1st quarter worth about $27,770,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Vontier by 366.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock worth $2,257,000 after purchasing an additional 39,100 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Vontier by 56.7% in the fourth quarter. Hsbc Holdings PLC now owns 181,232 shares of the company’s stock valued at $6,262,000 after purchasing an additional 65,590 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Barclays lowered their target price 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. Robert W. Baird lowered their target price 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 lowered 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Vontier Stock Up 0.4 %

Vontier stock opened at $33.38 on Tuesday. The stock’s 50 day moving average price is $35.25 and its 200 day moving average price is $38.84. Vontier Co. has a 1-year low of $28.84 and a 1-year high of $45.62. The company has a market cap 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. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). The company had revenue of $696.40 million for 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 revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, sell-side analysts predict that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be given 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 payout ratio is 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.