Vontier Co. (NYSE:VNT – Get Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 6,160,000 shares, a decrease of 27.1% from the March 15th total of 8,450,000 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 1,960,000 shares, the days-to-cover ratio is currently 3.1 days.
In related news, CAO Lynn Ross sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $25.41, for a total value of $25,410.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David H. Naemura bought 8,500 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was acquired at an average price of $22.85 per share, for a total transaction of $194,225.00. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van Den Berg Management I Inc. boosted its stake in shares of Vontier by 3.2% during the 3rd quarter. Van Den Berg Management I Inc. now owns 235,008 shares of the company’s stock worth $7,896,000 after acquiring an additional 7,317 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Vontier by 609.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 239,800 shares of the company’s stock worth $8,057,000 after acquiring an additional 206,012 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Vontier by 342.3% in the fourth quarter. Qube Research & Technologies Ltd now owns 247,281 shares of the company’s stock worth $7,599,000 after buying an additional 191,367 shares during the period. Mountain Pacific Investment Advisers Inc. ID boosted its position in shares of Vontier by 16.9% in the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 666,502 shares of the company’s stock worth $20,482,000 after buying an additional 96,464 shares during the period. Finally, Epiq Partners LLC boosted its position in shares of Vontier by 3.5% in the fourth quarter. Epiq Partners LLC now owns 59,547 shares of the company’s stock worth $1,830,000 after buying an additional 2,012 shares during the period. 93.12% of the stock is owned by institutional investors and hedge funds.
Vontier (NYSE:VNT – Get Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. The business had revenue of $790.20 million during the quarter, compared to analyst estimates of $815.53 million. Vontier had a return on equity of 117.63% and a net margin of 13.81%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS. Analysts forecast that Vontier will post 3.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, March 2nd. Vontier’s dividend payout ratio is presently 4.12%.
Several research firms recently commented on VNT. Robert W. Baird cut Vontier from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $29.00 in a research report on Friday, February 18th. TheStreet cut Vontier from a “c-” rating to a “d+” rating in a research report on Wednesday, February 23rd. The Goldman Sachs Group lowered their target price on Vontier from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Argus lowered their target price on Vontier from $40.00 to $30.00 in a research report on Wednesday, March 23rd. Finally, Zacks Investment Research cut Vontier from a “buy” rating to a “hold” rating in a research report on Wednesday, March 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $35.40.
About Vontier (Get Rating)
Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.
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