Creative Planning Sells 575 Shares of Vontier Co. (NYSE:VNT)

Creative Planning lessened its holdings in Vontier Co. (NYSE:VNT) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,343 shares of the company’s stock after selling 575 shares during the quarter. Creative Planning’s holdings in Vontier were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in shares of Vontier by 305.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock worth $34,473,000 after purchasing an additional 679,651 shares during the period. Stanley Capital Management LLC bought a new stake in shares of Vontier in the 2nd quarter valued at about $17,954,000. Eldred Rock Partners LLC acquired a new stake in shares of Vontier in the 2nd quarter valued at approximately $14,613,000. Price T Rowe Associates Inc. MD increased its stake in Vontier by 24.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after purchasing an additional 329,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after purchasing an additional 277,389 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VNT shares. Evercore ISI lowered 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. Robert W. Baird decreased their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Barclays reduced their price target on shares of 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. According to MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Vontier Stock Performance

Shares of NYSE VNT opened at $37.08 on Tuesday. The stock has a market capitalization of $5.70 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The stock has a 50 day moving average price of $33.99 and a 200 day moving average price of $36.88. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.26 and a current ratio of 1.64.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. Analysts predict that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s payout ratio is 3.83%.

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.