Creative Planning Has $585,000 Stake in Vontier Co. (NYSE:VNT)

Creative Planning reduced its stake in Vontier Co. (NYSE:VNT) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 17,343 shares of the company’s stock after selling 575 shares during the quarter. Creative Planning’s holdings in Vontier were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VNT. Massachusetts Financial Services Co. MA increased its holdings in Vontier by 305.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock worth $34,473,000 after purchasing an additional 679,651 shares in the last quarter. Stanley Capital Management LLC bought a new position in Vontier during the 2nd quarter worth approximately $17,954,000. Eldred Rock Partners LLC acquired a new position in Vontier in the second quarter valued at $14,613,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Vontier by 24.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after purchasing an additional 329,191 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Vontier by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after purchasing an additional 277,389 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Up 0.3 %

Shares of VNT stock opened at $37.08 on Tuesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.26 and a current ratio of 1.64. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.63 and a beta of 1.24. The company has a 50-day simple moving average of $33.99 and a two-hundred day simple moving average of $36.88. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62.

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

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VNT. Evercore ISI cut their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Barclays cut their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird cut their price objective on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

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.