Sequoia Financial Advisors LLC Boosts Stock Position in Vontier Co. (NYSE:VNT)

Sequoia Financial Advisors LLC grew its holdings in shares of Vontier Co. (NYSE:VNT) by 18.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,368 shares of the company’s stock after buying an additional 10,511 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vontier were worth $2,307,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC bought a new position in Vontier during the 1st quarter valued at $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Vontier during the second quarter worth about $44,000. Headlands Technologies LLC acquired a new position in Vontier in the first quarter worth about $46,000. Fifth Third Bancorp increased its holdings in Vontier by 32.0% in the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after buying an additional 786 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Vontier by 10.9% during the third quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after buying an additional 410 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on VNT. Barclays decreased their target price on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Robert W. Baird lowered their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Evercore ISI dropped their target price 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. Finally, Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Vontier Stock Performance

Shares of VNT opened at $34.33 on Friday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62. The firm has a fifty day moving average of $33.89 and a 200-day moving average of $37.26. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. Vontier’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, equities analysts anticipate that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced 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. This represents a $0.10 annualized dividend and a yield of 0.29%. The ex-dividend date was Thursday, September 5th. Vontier’s payout ratio is currently 3.86%.

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.