Victory Capital Management Inc. Sells 26,135 Shares of Vontier Co. (NYSE:VNT)

Victory Capital Management Inc. cut its position in shares of Vontier Co. (NYSE:VNT) by 36.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,737 shares of the company’s stock after selling 26,135 shares during the quarter. Victory Capital Management Inc.’s holdings in Vontier were worth $1,509,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Boston Partners acquired a new stake in Vontier during the first quarter worth approximately $1,231,000. SG Americas Securities LLC lifted its holdings in Vontier by 651.9% during the second quarter. SG Americas Securities LLC now owns 29,895 shares of the company’s stock worth $1,142,000 after acquiring an additional 25,919 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Vontier by 18.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock valued at $12,623,000 after purchasing an additional 58,362 shares during the last quarter. Stanley Capital Management LLC bought a new stake in shares of Vontier during the 2nd quarter worth $17,954,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Vontier in the 2nd quarter worth about $1,060,000. Institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

VNT has been the subject of several research reports. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI reduced their target price on 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 dropped 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 increased their target price on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Vontier Stock Up 0.5 %

Shares of NYSE:VNT opened at $39.02 on Tuesday. The company has a market cap of $5.86 billion, a PE ratio of 14.95, a P/E/G ratio of 1.82 and a beta of 1.25. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The stock’s 50-day moving average is $35.59 and its 200 day moving average is $36.70. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

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. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts anticipate that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is presently 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.