Vontier Co. (NYSE:VNT) Position Cut by LGT Financial Advisors LLC

LGT Financial Advisors LLC lowered its position in shares of Vontier Co. (NYSE:VNT) by 67.1% in the 2nd quarter, Holdings Channel reports. The fund owned 1,791 shares of the company’s stock after selling 3,651 shares during the period. LGT Financial Advisors LLC’s holdings in Vontier were worth $68,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Foster & Motley Inc. boosted its stake in Vontier by 40.8% during the 2nd quarter. Foster & Motley Inc. now owns 14,134 shares of the company’s stock valued at $540,000 after purchasing an additional 4,094 shares during the period. Wolverine Asset Management LLC grew its holdings in Vontier by 6.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 35,000 shares of the company’s stock worth $1,337,000 after buying an additional 2,000 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Vontier by 3.3% in the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after buying an additional 420 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Vontier in the 2nd quarter valued at approximately $215,000. Finally, Americana Partners LLC bought a new stake in Vontier during the 2nd quarter valued at $378,000. Institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VNT shares. Argus lowered Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays decreased their price objective on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Evercore ISI dropped their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Robert W. Baird decreased their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Vontier Trading Down 0.9 %

Shares of NYSE:VNT opened at $33.10 on Friday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.54 and a beta of 1.28. Vontier Co. has a 1-year low of $28.84 and a 1-year high of $45.62. The company has a 50 day moving average price of $36.48 and a 200 day moving average price of $39.63.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). The company had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. On average, research analysts anticipate that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.30%. Vontier’s payout ratio is presently 3.62%.

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.