Sequoia Financial Advisors LLC Takes Position in Vontier Co. (NYSE:VNT)

Sequoia Financial Advisors LLC acquired a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 50,083 shares of the company's stock, valued at approximately $1,730,000.

Other large investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC lifted its stake in Vontier by 1,985.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company's stock worth $36,000 after purchasing an additional 1,112 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Vontier by 3,355.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company's stock worth $45,000 after acquiring an additional 1,275 shares during the period. Coppell Advisory Solutions LLC purchased a new position in shares of Vontier during the second quarter worth approximately $51,000. IFP Advisors Inc increased its position in shares of Vontier by 29.1% during the second quarter. IFP Advisors Inc now owns 1,774 shares of the company's stock worth $57,000 after acquiring an additional 400 shares during the period. Finally, Covestor Ltd increased its position in shares of Vontier by 90.4% during the first quarter. Covestor Ltd now owns 2,340 shares of the company's stock worth $59,000 after acquiring an additional 1,111 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VNT. Evercore ISI lifted their price objective on shares of Vontier from $40.00 to $47.00 and gave the company an "outperform" rating in a report on Tuesday, February 20th. Citigroup lifted their price objective on shares of Vontier from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. The Goldman Sachs Group boosted their target price on shares of Vontier from $37.00 to $41.00 and gave the company a "neutral" rating in a research report on Tuesday, February 20th. Bank of America upgraded shares of Vontier from a "neutral" rating to a "buy" rating and boosted their target price for the company from $37.00 to $40.00 in a research report on Thursday, January 11th. Finally, UBS Group lifted their price objective on shares of Vontier from $42.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Vontier Stock Down 1.2 %

Shares of NYSE VNT traded down $0.49 during mid-day trading on Friday, reaching $41.57. The company had a trading volume of 603,111 shares, compared to its average volume of 822,310. The firm has a 50 day simple moving average of $42.05 and a two-hundred day simple moving average of $36.20. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. Vontier Co. has a 52-week low of $26.23 and a 52-week high of $45.62. The stock has a market cap of $6.40 billion, a P/E ratio of 17.25, a PEG ratio of 1.23 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.02. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The business had revenue of $789.00 million for the quarter, compared to analysts' expectations of $780.92 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business's revenue was down 9.5% compared to the same quarter last year. Sell-side analysts predict that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 6th. Vontier's dividend payout ratio (DPR) is presently 4.15%.

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.