Vontier Co. (NYSE:VNT) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its position in shares of Vontier Co. (NYSE:VNT) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 388,952 shares of the company’s stock after selling 2,137 shares during the quarter. Confluence Investment Management LLC owned about 0.26% of Vontier worth $14,185,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VNT. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vontier during the third quarter worth about $40,000. Sanctuary Advisors LLC acquired a new stake in Vontier during the 3rd quarter valued at approximately $505,000. TD Private Client Wealth LLC boosted its holdings in shares of Vontier by 9.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock valued at $154,000 after acquiring an additional 404 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vontier by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after acquiring an additional 18,091 shares during the period. Finally, Barclays PLC raised its holdings in shares of Vontier by 133.9% during the third quarter. Barclays PLC now owns 100,836 shares of the company’s stock worth $3,402,000 after purchasing an additional 57,728 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Vontier stock traded up $0.11 during trading on Thursday, reaching $36.58. The company had a trading volume of 67,605 shares, compared to its average volume of 812,744. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The firm’s 50-day simple moving average is $37.88 and its 200 day simple moving average is $36.44. The firm has a market capitalization of $5.49 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62.

Vontier (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier’s dividend payout ratio is presently 3.83%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VNT shares. Barclays increased their price target on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, December 12th. Citigroup upped their price objective on Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, UBS Group started coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.44.

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.