Janney Montgomery Scott LLC Lowers Position in Vontier Corporation (NYSE:VNT)

Janney Montgomery Scott LLC reduced its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,011 shares of the company's stock after selling 8,010 shares during the period. Janney Montgomery Scott LLC's holdings in Vontier were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Vontier in the fourth quarter valued at approximately $73,000. GAMMA Investing LLC boosted its holdings in Vontier by 60.1% in the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after acquiring an additional 829 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after acquiring an additional 700 shares during the last quarter. Covestor Ltd boosted its holdings in Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after acquiring an additional 976 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Vontier by 229.8% in the first quarter. UMB Bank n.a. now owns 2,704 shares of the company's stock valued at $89,000 after acquiring an additional 1,884 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VNT has been the topic of several analyst reports. Citigroup reduced their target price on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays upped their target price on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Evercore ISI upped their target price on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.83.

Insider Buying and Selling

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president now directly owns 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.97% of the stock is owned by company insiders.

Vontier Trading Down 0.8%

Shares of Vontier stock traded down $0.30 on Friday, reaching $37.00. 1,854,130 shares of the company's stock were exchanged, compared to its average volume of 919,888. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $41.61. The firm's 50-day moving average is $35.04 and its two-hundred day moving average is $35.37. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.20 and a current ratio of 1.62. The company has a market capitalization of $5.47 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The company had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. During the same period last year, the business earned $0.74 EPS. Vontier's quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's dividend payout ratio is currently 4.07%.

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.