Vontier Co. (NYSE:VNT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in shares of Vontier Co. (NYSE:VNT) by 1.0% during the 3rd quarter, Holdings Channel reports. The firm owned 505,967 shares of the company’s stock after selling 5,318 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vontier were worth $17,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of VNT. Dynamic Technology Lab Private Ltd purchased a new stake in Vontier during the 3rd quarter valued at about $341,000. Cerity Partners LLC boosted its position in Vontier by 223.0% in the third quarter. Cerity Partners LLC now owns 103,041 shares of the company’s stock valued at $3,477,000 after buying an additional 71,137 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Vontier by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company’s stock worth $49,766,000 after buying an additional 42,357 shares during the period. Massachusetts Financial Services Co. MA raised its position in Vontier by 5.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 951,449 shares of the company’s stock worth $32,102,000 after buying an additional 49,017 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in Vontier by 3.5% during the 3rd quarter. Integrated Investment Consultants LLC now owns 58,823 shares of the company’s stock valued at $1,985,000 after acquiring an additional 1,962 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Up 0.2 %

Shares of Vontier stock opened at $39.26 on Monday. The firm has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $36.67. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The company has a market cap of $5.90 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the prior year, the firm posted $0.73 EPS. Vontier’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts predict that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. Vontier’s dividend payout ratio (DPR) is 3.83%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI cut their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Argus cut 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Company 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.