Commonwealth Equity Services LLC Has $548,000 Holdings in Vontier Co. (NYSE:VNT)

Commonwealth Equity Services LLC decreased its position in shares of Vontier Co. (NYSE:VNT) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,350 shares of the company’s stock after selling 1,929 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Vontier were worth $548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Vontier during the first quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new stake in Vontier during the 1st quarter worth approximately $30,000. Riverview Trust Co bought a new stake in Vontier during the 1st quarter worth approximately $33,000. ORG Partners LLC acquired a new position in Vontier in the 1st quarter valued at approximately $35,000. Finally, Headlands Technologies LLC bought a new position in shares of Vontier during the first quarter valued at $46,000. Institutional investors own 95.83% of the company’s stock.

Vontier Trading Down 2.3 %

NYSE VNT opened at $33.24 on Friday. Vontier Co. has a one year low of $28.84 and a one year high of $45.62. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The business has a 50 day simple moving average of $35.25 and a 200 day simple moving average of $38.90. The stock has a market capitalization of $5.13 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.47 and a beta of 1.28.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $746.43 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was down 8.9% compared to the same quarter last year. Research analysts expect that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.30%. Vontier’s payout ratio is 3.62%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Evercore ISI decreased their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Barclays decreased their price target on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird decreased their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Vontier Company 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.