Envestnet Asset Management Inc. Decreases Stake in Vontier Co. (NYSE:VNT)

Envestnet Asset Management Inc. lowered its position in Vontier Co. (NYSE:VNT – Get Rating) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,549 shares of the company’s stock after selling 27,806 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Vontier worth $3,117,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VNT. Artisan Partners Limited Partnership purchased a new position in Vontier in the second quarter worth approximately $53,839,000. Assenagon Asset Management S.A. acquired a new position in shares of Vontier in the 3rd quarter valued at $23,203,000. Allianz Asset Management GmbH increased its holdings in shares of Vontier by 233.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 773,542 shares of the company’s stock valued at $12,926,000 after acquiring an additional 541,589 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Vontier by 69.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,194,500 shares of the company’s stock valued at $27,462,000 after acquiring an additional 489,200 shares during the period. Finally, UBS Group AG increased its holdings in shares of Vontier by 97.8% in the 1st quarter. UBS Group AG now owns 732,987 shares of the company’s stock valued at $18,611,000 after acquiring an additional 362,325 shares during the period. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on VNT shares. Citigroup lifted their target price on shares of Vontier from $22.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 17th. Wolfe Research cut shares of Vontier from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 1st. Bank of America cut shares of Vontier from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $21.00 in a research note on Monday, December 12th. Credit Suisse Group assumed coverage on shares of Vontier in a research note on Monday, December 12th. They set a “neutral” rating and a $21.00 price target on the stock. Finally, TheStreet raised shares of Vontier from a “d+” rating to a “c-” rating in a research note on Monday, February 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.17.

Vontier Price Performance

NYSE:VNT opened at $27.20 on Tuesday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 3.45 and a beta of 1.27. The company has a current ratio of 1.49, a quick ratio of 1.12 and a debt-to-equity ratio of 4.46. The company’s 50-day moving average is $22.97 and its two-hundred day moving average is $20.64. Vontier Co. has a 12-month low of $16.55 and a 12-month high of $28.45.

Vontier (NYSE:VNT – Get Rating) last released its earnings results on Thursday, February 16th. The company reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. The company had revenue of $871.90 million for the quarter, compared to analyst estimates of $791.92 million. Vontier had a net margin of 12.60% and a return on equity of 92.95%. During the same period in the prior year, the firm earned $0.83 EPS. Research analysts expect that Vontier Co. will post 2.81 EPS for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 2nd will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. Vontier’s payout ratio is currently 4.07%.

Vontier Company Profile

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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.