Ritholtz Wealth Management Reduces Position in Vontier Co. (NYSE:VNT)

Ritholtz Wealth Management reduced its stake in Vontier Co. (NYSE:VNT) by 12.5% during the 4th quarter, Holdings Channel reports. The fund owned 12,052 shares of the company’s stock after selling 1,721 shares during the period. Ritholtz Wealth Management’s holdings in Vontier were worth $440,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after acquiring an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vontier in the third quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new position in Vontier in the third quarter valued at $40,000. Covestor Ltd lifted its position in Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after buying an additional 395 shares during the period. Finally, Blue Trust Inc. boosted its stake in Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after buying an additional 410 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

VNT has been the subject of a number of research analyst reports. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group initiated coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Barclays lowered their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.63.

Vontier Price Performance

Vontier stock opened at $38.95 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $5.85 billion, a P/E ratio of 14.92, a PEG ratio of 1.69 and a beta of 1.26. The firm has a fifty day moving average of $37.78 and a 200-day moving average of $36.23. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. During the same period last year, the company posted $0.73 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts predict that Vontier Co. will post 2.88 EPS for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 3.83%.

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.