Vontier Co. (NYSE:VNT) Shares Sold by Partnership Wealth Management LLC

Partnership Wealth Management LLC cut its stake in Vontier Co. (NYSE:VNT) by 58.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,225 shares of the company’s stock after selling 3,168 shares during the period. Partnership Wealth Management LLC’s holdings in Vontier were worth $75,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in Vontier by 83.7% during the 1st quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock valued at $9,459,000 after acquiring an additional 95,549 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Vontier by 17.6% in 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 period. Confluence Investment Management LLC bought a new position in Vontier in the 1st quarter valued at about $27,770,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake 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 valued at $2,257,000 after buying an additional 39,100 shares during the period. Finally, Natixis acquired a new position in shares of Vontier during the first quarter valued at approximately $2,785,000. 95.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Vontier Trading Up 0.1 %

NYSE VNT opened at $33.23 on Wednesday. The firm’s 50 day moving average price is $33.74 and its two-hundred day moving average price is $37.98. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.48 and a beta of 1.27.

Vontier (NYSE:VNT) last issued its quarterly earnings results 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). The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Equities analysts anticipate that Vontier Co. will post 2.88 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is 3.62%.

Vontier Company 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.