First Hawaiian Bank Reduces Position in Vontier Co. (NYSE:VNT)

First Hawaiian Bank lessened its holdings in shares of Vontier Co. (NYSE:VNT) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,473 shares of the company’s stock after selling 11,662 shares during the period. First Hawaiian Bank’s holdings in Vontier were worth $710,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nordea Investment Management AB grew its stake in Vontier by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 179,906 shares of the company’s stock valued at $6,581,000 after acquiring an additional 9,213 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Vontier during the 3rd quarter valued at about $40,000. Sanctuary Advisors LLC purchased a new stake in Vontier during the 3rd quarter valued at about $505,000. TD Private Client Wealth LLC grew its stake in Vontier by 9.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock valued at $154,000 after acquiring an additional 404 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after buying an additional 18,091 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Barclays dropped their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup increased their price target on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Vontier presently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Vontier Stock Performance

NYSE:VNT opened at $35.95 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The stock has a market capitalization of $5.40 billion, a P/E ratio of 13.77, a PEG ratio of 1.85 and a beta of 1.26. The company has a 50 day moving average price of $38.08 and a 200 day moving average price of $36.32. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62.

Vontier (NYSE:VNT) last released its 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 company had revenue of $750.00 million for 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 quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. Equities research analysts forecast that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.28%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

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.