Commonwealth Equity Services LLC Sells 389 Shares of Vontier Co. (NYSE:VNT)

Commonwealth Equity Services LLC trimmed its holdings in Vontier Co. (NYSE:VNT) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,461 shares of the company’s stock after selling 389 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Vontier were worth $527,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VNT. Great Lakes Advisors LLC acquired a new stake in shares of Vontier in the 4th quarter valued at $217,000. Farther Finance Advisors LLC raised its holdings in Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after buying an additional 700 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Vontier by 14.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company’s stock worth $2,852,000 after buying an additional 9,833 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Vontier by 14.4% during the 4th quarter. HighTower Advisors LLC now owns 20,881 shares of the company’s stock worth $762,000 after acquiring an additional 2,633 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Vontier during the 4th quarter worth about $98,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Down 4.9 %

VNT opened at $28.89 on Friday. The business has a 50 day moving average of $35.86 and a 200-day moving average of $36.34. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a 1-year low of $27.78 and a 1-year high of $43.42.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. As a group, sell-side analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 6th. Vontier’s dividend payout ratio (DPR) is presently 3.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group started coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays decreased their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Robert W. Baird raised their target price on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.