Aristides Capital LLC Purchases Shares of 6,552 Vontier Co. (NYSE:VNT)

Aristides Capital LLC acquired a new position in Vontier Co. (NYSE:VNT) during the second quarter, HoldingsChannel reports. The firm acquired 6,552 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also modified their holdings of VNT. Massachusetts Financial Services Co. MA lifted its position in Vontier by 305.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock valued at $34,473,000 after buying an additional 679,651 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in shares of Vontier in the first quarter worth about $27,770,000. Stanley Capital Management LLC acquired a new stake in shares of Vontier in the second quarter valued at about $17,954,000. Eldred Rock Partners LLC purchased a new stake in shares of Vontier during the 2nd quarter valued at about $14,613,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Vontier by 24.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock worth $76,898,000 after acquiring an additional 329,191 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Vontier Stock Down 0.4 %

Shares of Vontier stock opened at $33.74 on Tuesday. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.49 and a beta of 1.28. 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 business’s 50 day simple moving average is $34.42 and its 200-day simple moving average is $38.43.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 49.17% and a net margin of 13.43%. The firm’s revenue was down 8.9% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Equities research analysts forecast that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

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