Loomis Sayles & Co. L P Sells 27,615 Shares of Vontier Co. (NYSE:VNT)

Loomis Sayles & Co. L P trimmed its holdings in Vontier Co. (NYSE:VNT) by 2.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,068,852 shares of the company’s stock after selling 27,615 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Vontier were worth $36,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Covestor Ltd boosted its position in shares of Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after acquiring an additional 395 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after purchasing an additional 410 shares during the last quarter. 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 valued at $502,000 after purchasing an additional 420 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Vontier by 6.2% in the second quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock worth $295,000 after purchasing an additional 448 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Vontier by 2.8% in the second quarter. Creative Planning now owns 17,918 shares of the company’s stock worth $684,000 after buying an additional 491 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on VNT. Argus cut Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays raised their target price on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI reduced their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Robert W. Baird lowered their price objective on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Vontier Stock Up 0.5 %

NYSE:VNT opened at $39.02 on Tuesday. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The stock has a fifty day simple moving average of $35.59 and a 200-day simple moving average of $36.70.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. Analysts anticipate that Vontier Co. will post 2.89 EPS for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

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.