Vontier Co. (NYSE:VNT) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC reduced its position in shares of Vontier Co. (NYSE:VNT) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,558 shares of the company’s stock after selling 3,963 shares during the period. Welch & Forbes LLC’s holdings in Vontier were worth $1,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Vontier by 1.6% during the second quarter. Vanguard Group Inc. now owns 15,901,137 shares of the company’s stock worth $518,059,000 after purchasing an additional 242,723 shares in the last quarter. Putnam Investments LLC raised its holdings in Vontier by 4.2% in the second quarter. Putnam Investments LLC now owns 6,512,405 shares of the company’s stock valued at $212,174,000 after acquiring an additional 260,822 shares in the last quarter. State Street Corp raised its holdings in Vontier by 11.7% in the second quarter. State Street Corp now owns 4,607,801 shares of the company’s stock valued at $150,122,000 after acquiring an additional 480,899 shares in the last quarter. FMR LLC raised its holdings in Vontier by 41.7% in the second quarter. FMR LLC now owns 4,328,460 shares of the company’s stock valued at $141,021,000 after acquiring an additional 1,274,371 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in Vontier by 13.8% in the second quarter. Nuveen Asset Management LLC now owns 4,080,254 shares of the company’s stock valued at $132,934,000 after acquiring an additional 494,466 shares in the last quarter. 91.20% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on VNT shares. Credit Suisse Group upped their price target on shares of Vontier from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, August 9th. Zacks Investment Research upgraded shares of Vontier from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vontier has an average rating of “Buy” and an average target price of $41.13.

VNT stock opened at $33.31 on Thursday. The firm has a fifty day moving average price of $34.15 and a two-hundred day moving average price of $33.85. The firm has a market cap of $5.63 billion and a price-to-earnings ratio of 12.91. The company has a debt-to-equity ratio of 5.44, a current ratio of 1.51 and a quick ratio of 1.21. Vontier Co. has a 1-year low of $29.87 and a 1-year high of $37.08.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.74 by $0.06. The business had revenue of $768.50 million during the quarter, compared to analyst estimates of $748.77 million. Vontier had a net margin of 14.51% and a return on equity of 154.60%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. As a group, analysts expect that Vontier Co. will post 2.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, December 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s dividend payout ratio is currently 3.88%.

Vontier Company Profile

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of critical technical equipment, components, software, and services for manufacturing, repair, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, and vehicle tracking and fleet management software solutions for traffic light control and vehicle mechanics', and technicians' equipment.

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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