Banyan Capital Management Inc. Reduces Stake in Vontier Co. (NYSE:VNT)

Banyan Capital Management Inc. decreased its position in Vontier Co. (NYSE:VNT) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,855 shares of the company’s stock after selling 6,608 shares during the quarter. Vontier makes up approximately 9.1% of Banyan Capital Management Inc.’s portfolio, making the stock its 4th largest position. Banyan Capital Management Inc. owned about 0.26% of Vontier worth $15,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VNT. Rise Advisors LLC purchased a new stake in shares of Vontier during the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Vontier during the 1st quarter valued at $30,000. Riverview Trust Co bought a new stake in shares of Vontier during the 1st quarter worth $33,000. ORG Partners LLC purchased a new position in shares of Vontier in the 1st quarter worth about $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Vontier during the second quarter valued at about $44,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Vontier stock opened at $34.01 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. Vontier Co. has a one year low of $28.84 and a one year high of $45.62. The firm has a market capitalization of $5.25 billion, a P/E ratio of 12.32, a PEG ratio of 1.47 and a beta of 1.28. The business has a fifty day moving average price of $35.49 and a 200-day moving average price of $39.01.

Vontier (NYSE:VNT) last posted its 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). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The company had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. During the same period in the previous year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, equities research analysts forecast that Vontier Co. will post 2.88 EPS for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, September 5th. Vontier’s dividend payout ratio is presently 3.62%.

Analysts Set New Price Targets

Several analysts have 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 on the stock in a research report on Monday, August 19th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. 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 report on Friday, August 2nd. Finally, Barclays decreased their target price on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Three equities 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, Vontier has an average rating of “Moderate Buy” and an average target price of $44.25.

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.