Janney Montgomery Scott LLC Trims Stock Position in Vontier Co. (NYSE:VNT)

Janney Montgomery Scott LLC trimmed its stake in Vontier Co. (NYSE:VNT) by 38.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,021 shares of the company’s stock after selling 30,263 shares during the period. Janney Montgomery Scott LLC’s holdings in Vontier were worth $1,788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after purchasing an additional 18,091 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after buying an additional 415,750 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Vontier by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company’s stock worth $49,766,000 after buying an additional 42,357 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Vontier by 11.2% during the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock worth $44,246,000 after buying an additional 132,312 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Vontier by 7.2% during the third quarter. Royce & Associates LP now owns 1,222,833 shares of the company’s stock worth $41,258,000 after buying an additional 81,981 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on VNT shares. Citigroup reduced their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group began coverage on shares of Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, December 12th. Finally, Barclays lowered their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.63.

Vontier Trading Down 1.3 %

Shares of Vontier stock opened at $38.55 on Monday. The company has a 50-day moving average of $37.80 and a two-hundred day moving average of $36.21. The stock has a market cap of $5.79 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.71 and a beta of 1.26. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $729.23 million. During the same period in the previous year, the firm posted $0.73 earnings per share. Vontier’s revenue was down 2.0% on a year-over-year basis. On average, research analysts anticipate that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s payout ratio is currently 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.