Vontier Co. (NYSE:VNT) Shares Sold by Skylands Capital LLC

Skylands Capital LLC trimmed its position in Vontier Co. (NYSE:VNT) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,500 shares of the company’s stock after selling 14,000 shares during the period. Skylands Capital LLC’s holdings in Vontier were worth $1,088,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Vontier by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company’s stock valued at $509,477,000 after buying an additional 264,884 shares during the last quarter. FMR LLC lifted its stake in Vontier by 25.8% in the 3rd quarter. FMR LLC now owns 13,493,831 shares of the company’s stock worth $417,229,000 after purchasing an additional 2,767,188 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Vontier by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,330,550 shares of the company’s stock worth $80,521,000 after purchasing an additional 12,186 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Vontier by 1.7% during the 3rd quarter. Corient Private Wealth LLC now owns 2,266,987 shares of the company’s stock worth $70,095,000 after purchasing an additional 37,463 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Vontier by 3.4% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,258,246 shares of the company’s stock valued at $69,825,000 after purchasing an additional 75,111 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Down 0.3 %

Shares of NYSE VNT opened at $41.40 on Tuesday. The stock has a fifty day simple moving average of $42.76 and a 200-day simple moving average of $36.99. Vontier Co. has a twelve month low of $26.65 and a twelve month high of $45.62. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $6.40 billion, a PE ratio of 17.23, a PEG ratio of 1.20 and a beta of 1.31.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. On average, equities analysts forecast that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Wednesday, March 6th. Vontier’s payout ratio is currently 4.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VNT shares. The Goldman Sachs Group boosted their price objective on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. UBS Group boosted their price target on shares of Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Citigroup raised their price objective on shares of Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. 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 report on Thursday, January 11th. Finally, Evercore ISI raised their price target on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.