Hsbc Holdings PLC Sells 342 Shares of Vontier Co. (NYSE:VNT)

Hsbc Holdings PLC lessened its holdings in Vontier Co. (NYSE:VNT) by 5.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,703 shares of the company’s stock after selling 342 shares during the quarter. Hsbc Holdings PLC’s holdings in Vontier were worth $218,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VNT. Ritholtz Wealth Management grew its position in shares of Vontier by 3.3% during the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after purchasing an additional 420 shares in the last quarter. Blue Trust Inc. grew its holdings in Vontier by 15.8% during the 2nd quarter. Blue Trust Inc. now owns 3,761 shares of the company’s stock valued at $144,000 after buying an additional 513 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of Vontier during the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Vontier in the first quarter worth $30,000. Finally, Riverview Trust Co bought a new position in shares of Vontier during the first quarter worth $33,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Up 2.0 %

Shares of VNT stock opened at $33.69 on Friday. The company has a market cap of $5.18 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $34.08 and its two-hundred day simple moving average is $38.29. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The company had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. Research analysts predict 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. Stockholders of record on Thursday, September 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s dividend payout ratio (DPR) is 3.62%.

Analyst Upgrades and Downgrades

VNT has been the topic of a number of research reports. Barclays reduced their price target on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Argus cut Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Evercore ISI dropped their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Robert W. Baird reduced their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note 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. According to MarketBeat, Vontier presently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

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.