Janney Montgomery Scott LLC Reduces Stake in Vontier Co. (NYSE:VNT)

Janney Montgomery Scott LLC reduced its stake in Vontier Co. (NYSE:VNT) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,284 shares of the company’s stock after selling 1,953 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.05% of Vontier worth $2,675,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after purchasing an additional 1,012 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Vontier during the 2nd quarter worth $44,000. Headlands Technologies LLC purchased a new position in shares of Vontier during the 1st quarter worth $46,000. Fifth Third Bancorp grew its holdings in shares of Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock worth $124,000 after purchasing an additional 786 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after purchasing an additional 410 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Up 0.7 %

NYSE:VNT opened at $40.34 on Tuesday. The stock’s 50 day moving average price is $34.48 and its 200 day moving average price is $36.86. The company has a market capitalization of $6.06 billion, a PE ratio of 15.46, a P/E/G ratio of 1.87 and a beta of 1.25. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same quarter last year, the business posted $0.73 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts anticipate that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.025 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI lowered their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Argus cut Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays increased their target price on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird decreased their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.50.

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.