Whittier Trust Co. Cuts Stock Position in Vontier Co. (NYSE:VNT)

Whittier Trust Co. lessened its stake in Vontier Co. (NYSE:VNT) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,655 shares of the company’s stock after selling 541 shares during the quarter. Whittier Trust Co.’s holdings in Vontier were worth $123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Vontier by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after purchasing an additional 277,389 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock worth $97,078,000 after purchasing an additional 227,388 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Vontier by 2.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company’s stock worth $74,252,000 after purchasing an additional 44,254 shares during the last quarter. LSV Asset Management boosted its stake in Vontier by 3.7% during the 2nd quarter. LSV Asset Management now owns 1,716,847 shares of the company’s stock worth $65,584,000 after purchasing an additional 61,526 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Vontier by 24.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock worth $76,898,000 after purchasing an additional 329,191 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Up 0.3 %

Shares of NYSE:VNT opened at $34.33 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. The firm has a market capitalization of $5.28 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The firm’s 50-day moving average is $33.89 and its two-hundred day moving average is $37.26. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Analysts predict that Vontier Co. will post 2.88 EPS for the current year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.29%. Vontier’s payout ratio is 3.86%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VNT. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI lowered their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Barclays lowered their price target on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Robert W. Baird decreased their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.