Anchor Capital Advisors LLC cut its stake in Vontier Co. (NYSE:VNT - Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,570,638 shares of the company's stock after selling 88,452 shares during the period. Vontier makes up about 1.4% of Anchor Capital Advisors LLC's holdings, making the stock its 22nd largest holding. Anchor Capital Advisors LLC owned approximately 1.02% of Vontier worth $54,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC increased its holdings in shares of Vontier by 1,985.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company's stock worth $36,000 after buying an additional 1,112 shares during the last quarter. International Assets Investment Management LLC increased its stake in 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 last quarter. CWM LLC raised its position in Vontier by 78.9% in the fourth quarter. CWM LLC now owns 1,911 shares of the company's stock valued at $66,000 after purchasing an additional 843 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in shares of Vontier by 132.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,212 shares of the company's stock valued at $99,000 after purchasing an additional 1,828 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Vontier during the 3rd quarter worth $108,000. Institutional investors and hedge funds own 95.83% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on VNT shares. Citigroup increased their target price 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. Evercore ISI increased their price objective on shares of Vontier from $40.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 20th. Argus boosted their target price on Vontier from $39.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 18th. UBS Group raised their price target on Vontier from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group boosted their price objective on Vontier from $37.00 to $41.00 and gave the company a "neutral" rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Vontier presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.
Check Out Our Latest Report on VNT
Vontier Stock Up 0.7 %
Shares of Vontier stock traded up $0.30 on Monday, reaching $41.52. 571,779 shares of the company were exchanged, compared to its average volume of 759,047. The stock's 50 day moving average price is $42.76 and its 200-day moving average price is $36.99. The company has a market cap of $6.42 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.20 and a beta of 1.31. Vontier Co. has a 1-year low of $26.65 and a 1-year high of $45.62. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08.
Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The company's revenue was down 9.5% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. As a group, equities analysts forecast that Vontier Co. will post 3.15 EPS for the current year.
Vontier Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.24%. Vontier's dividend payout ratio is currently 4.15%.
About Vontier
(
Free Report)
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.
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