Cetera Investment Advisers Grows Stock Holdings in Vontier Co. (NYSE:VNT)

Cetera Investment Advisers grew its stake in Vontier Co. (NYSE:VNT) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,010 shares of the company’s stock after acquiring an additional 1,872 shares during the period. Cetera Investment Advisers’ holdings in Vontier were worth $1,681,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Vontier during the first quarter valued at $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Vontier in the 1st quarter valued at about $30,000. Riverview Trust Co purchased a new stake in shares of Vontier in the 1st quarter worth approximately $33,000. ORG Partners LLC bought a new position in shares of Vontier during the first quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Vontier during the second quarter valued at approximately $44,000. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Vontier Price Performance

Shares of NYSE VNT opened at $34.35 on Tuesday. Vontier Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The company has a market cap of $5.30 billion, a PE ratio of 12.45, a P/E/G ratio of 1.49 and a beta of 1.27. The business has a 50-day simple moving average of $33.67 and a two-hundred day simple moving average of $37.68.

Vontier (NYSE:VNT) last released its earnings results 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). The company had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. As a group, equities analysts expect that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.29%. Vontier’s payout ratio is presently 3.62%.

About Vontier

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.