Vontier Co. (NYSE:VNT) Stock Position Trimmed by Anchor Investment Management LLC

Anchor Investment Management LLC decreased its position in Vontier Co. (NYSE:VNT) by 24.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,583 shares of the company’s stock after selling 1,500 shares during the period. Anchor Investment Management LLC’s holdings in Vontier were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in VNT. Nordea Investment Management AB grew its holdings in Vontier by 83.7% in the 1st quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock worth $9,459,000 after buying an additional 95,549 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Vontier by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock worth $4,941,000 after acquiring an additional 16,305 shares during the period. Confluence Investment Management LLC bought a new position in shares of Vontier in the first quarter worth $27,770,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Vontier by 366.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock valued at $2,257,000 after purchasing an additional 39,100 shares during the period. Finally, Natixis acquired a new position in shares of Vontier during the first quarter valued at $2,785,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE:VNT opened at $33.69 on Friday. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. The company has a 50-day moving average of $34.08 and a 200-day moving average of $38.29. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27.

Vontier (NYSE:VNT) last posted 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). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. During the same quarter last year, the business posted $0.67 EPS. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. Analysts forecast that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s dividend payout ratio (DPR) is 3.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. 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 report on Monday, August 19th. Barclays decreased their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Vontier has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.