Thrivent Financial for Lutherans Sells 5,446 Shares of Vontier Co. (NYSE:VNT)

Thrivent Financial for Lutherans trimmed its stake in shares of Vontier Co. (NYSE:VNT) by 2.9% in the third quarter, Holdings Channel.com reports. The firm owned 182,845 shares of the company’s stock after selling 5,446 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vontier were worth $6,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC boosted its holdings in shares of Vontier by 17.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 19,054 shares of the company’s stock valued at $864,000 after acquiring an additional 2,774 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Vontier by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock worth $4,941,000 after purchasing an additional 16,305 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Vontier in the first quarter valued at approximately $344,000. Price T Rowe Associates Inc. MD raised 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 valued at $76,898,000 after buying an additional 329,191 shares during the last quarter. Finally, Kingdon Capital Management L.L.C. acquired a new stake in Vontier during the 1st quarter worth approximately $9,072,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Up 1.4 %

Shares of NYSE:VNT opened at $38.84 on Friday. The business’s 50-day moving average is $35.48 and its 200-day moving average is $36.74. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.79 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

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

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 3.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VNT shares. Robert W. Baird dropped their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Evercore ISI decreased 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, Barclays raised their price objective on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.