Vontier Co. (NYSE:VNT) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of Vontier Co. (NYSE:VNT) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,397 shares of the company’s stock after selling 23,503 shares during the period. Amalgamated Bank’s holdings in Vontier were worth $2,476,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

VNT has been the topic of several analyst reports. Barclays raised their target price on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI decreased their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Robert W. Baird dropped their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Vontier Price Performance

Shares of Vontier stock opened at $40.34 on Tuesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The business has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $36.86. The stock has a market capitalization of $6.06 billion, a P/E ratio of 15.46, a PEG ratio of 1.87 and a beta of 1.25. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62.

Vontier (NYSE:VNT) last released 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. The business had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s payout ratio is 3.83%.

Vontier 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.