Partnership Wealth Management LLC Sells 3,168 Shares of Vontier Co. (NYSE:VNT)

Partnership Wealth Management LLC cut its holdings in Vontier Co. (NYSE:VNT) by 58.7% in the third quarter, HoldingsChannel reports. The firm owned 2,225 shares of the company’s stock after selling 3,168 shares during the period. Partnership Wealth Management LLC’s holdings in Vontier were worth $75,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VNT. Rise Advisors LLC bought a new stake in shares of Vontier during the 1st quarter worth about $27,000. Opal Wealth Advisors LLC bought a new stake in Vontier during the first quarter worth approximately $30,000. Riverview Trust Co acquired a new position in Vontier during the first quarter valued at approximately $33,000. ORG Partners LLC bought a new position in shares of Vontier in the first quarter valued at approximately $35,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Vontier in the first quarter worth $46,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Vontier Trading Up 0.1 %

Shares of VNT opened at $33.23 on Wednesday. The stock’s 50-day moving average price is $33.74 and its 200 day moving average price is $37.98. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. Vontier Co. has a 12-month low of $28.84 and a 12-month high of $45.62. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 1.48 and a beta of 1.27.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, research analysts predict that Vontier Co. will post 2.88 earnings per share for the current 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 issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, September 5th. Vontier’s payout ratio is 3.62%.

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.