Covestor Ltd Has $49,000 Holdings in Vontier Co. (NYSE:VNT)

Covestor Ltd increased its holdings in Vontier Co. (NYSE:VNT) by 37.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,461 shares of the company’s stock after buying an additional 395 shares during the period. Covestor Ltd’s holdings in Vontier were worth $49,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in Vontier in the 1st quarter valued at $46,000. International Assets Investment Management LLC raised its stake in Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after purchasing an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Vontier during the third quarter worth about $37,000. Ashton Thomas Private Wealth LLC acquired a new stake in Vontier during the second quarter worth about $44,000. Finally, Fifth Third Bancorp grew its stake in Vontier by 32.0% during the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock worth $124,000 after buying an additional 786 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Down 0.5 %

Shares of NYSE:VNT opened at $38.94 on Friday. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62. The company has a market capitalization of $5.85 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. 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 company has a fifty day moving average of $34.71 and a 200-day moving average of $36.86.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. 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 prior year, the firm earned $0.73 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s dividend payout ratio is presently 3.83%.

Analyst Upgrades and Downgrades

VNT has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays upped their target price on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI dropped their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.