Anchor Capital Advisors LLC Cuts Stock Holdings in Vontier Co. (NYSE:VNT)

Anchor Capital Advisors LLC lowered its stake in Vontier Co. (NYSE:VNT) by 19.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,180,051 shares of the company’s stock after selling 281,857 shares during the quarter. Vontier comprises approximately 1.3% of Anchor Capital Advisors LLC’s holdings, making the stock its 26th largest holding. Anchor Capital Advisors LLC’s holdings in Vontier were worth $45,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Vontier by 83.7% in the first quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock worth $9,459,000 after buying an additional 95,549 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Vontier by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock valued at $4,941,000 after acquiring an additional 16,305 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Vontier by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company’s stock valued at $79,086,000 after purchasing an additional 22,029 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Vontier by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock worth $75,935,000 after purchasing an additional 178,560 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in Vontier during the first quarter valued at $27,770,000. Institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

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

Vontier Trading Down 1.7 %

VNT opened at $32.55 on Friday. Vontier Co. has a one year low of $28.84 and a one year 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 stock has a market cap of $5.00 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.47 and a beta of 1.28. The stock’s 50 day moving average price is $36.36 and its 200-day moving average price is $39.56.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. During the same period last year, the company earned $0.67 EPS. The business’s revenue was down 8.9% compared to the same quarter last year. On average, equities analysts forecast that Vontier Co. will post 2.88 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, September 5th. Vontier’s dividend payout ratio is presently 3.62%.

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.