Skylands Capital LLC Sells 20,600 Shares of Vontier Corporation $VNT

Skylands Capital LLC lowered its stake in shares of Vontier Corporation (NYSE:VNT) by 32.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,800 shares of the company’s stock after selling 20,600 shares during the period. Skylands Capital LLC’s holdings in Vontier were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in shares of Vontier by 39.0% in the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares during the last quarter. Quent Capital LLC bought a new position in shares of Vontier in the 3rd quarter valued at about $37,000. Trust Co. of Toledo NA OH purchased a new position in Vontier in the second quarter worth about $53,000. Steward Partners Investment Advisory LLC increased its stake in Vontier by 29.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock worth $56,000 after acquiring an additional 338 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Vontier by 22.5% during the third quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock valued at $78,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Ratings Changes

VNT has been the topic of several analyst reports. Barclays cut their target price on Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Bank of America reiterated an “underperform” rating and set a $40.00 price objective (down previously from $50.00) on shares of Vontier in a research report on Friday, November 14th. KeyCorp lowered their target price on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Robert W. Baird cut their price target on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Sunday, February 1st. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.63.

Vontier Trading Down 0.1%

Shares of VNT opened at $42.52 on Wednesday. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.77 and a beta of 1.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $43.88. The company has a 50-day moving average of $37.95 and a 200 day moving average of $39.61.

Vontier Company Profile

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.