Short Interest in Vontier Co. (NYSE:VNT) Drops By 20.8%

Vontier Co. (NYSE:VNT) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 2,240,000 shares, a decline of 20.8% from the June 30th total of 2,830,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 676,700 shares, the short-interest ratio is presently 3.3 days.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their target price 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Vontier Trading Up 1.7 %

Shares of NYSE:VNT traded up $0.67 during trading on Friday, reaching $39.24. The stock had a trading volume of 745,023 shares, compared to its average volume of 668,073. The business has a fifty day moving average price of $39.20 and a 200-day moving average price of $39.91. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The stock has a market cap of $6.06 billion, a P/E ratio of 14.22, a PEG ratio of 1.14 and a beta of 1.29. Vontier has a fifty-two week low of $28.84 and a fifty-two week high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $755.80 million during the quarter, compared to analyst estimates of $754.50 million. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. As a group, analysts anticipate that Vontier will post 3.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vontier

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Putnam Investments LLC increased its position in Vontier by 3.2% during the fourth quarter. Putnam Investments LLC now owns 7,129,037 shares of the company’s stock worth $246,308,000 after purchasing an additional 219,321 shares during the last quarter. Mackenzie Financial Corp increased its position in Vontier by 0.5% during the fourth 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 increased its position in Vontier by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company’s stock worth $79,086,000 after purchasing an additional 22,029 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Vontier by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock worth $75,935,000 after purchasing an additional 178,560 shares during the last quarter. Finally, Norges Bank acquired a new position in Vontier during the fourth quarter worth approximately $60,612,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

About Vontier

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.