Vontier Co. (NYSE:VNT) Shares Sold by Eaton Vance Management

Eaton Vance Management reduced its stake in Vontier Co. (NYSE:VNT – Get Rating) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,953 shares of the company’s stock after selling 1,624 shares during the period. Eaton Vance Management’s holdings in Vontier were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE lifted its stake in Vontier by 13.4% during the first quarter. US Bancorp DE now owns 11,389 shares of the company’s stock valued at $289,000 after purchasing an additional 1,347 shares during the last quarter. Citigroup Inc. lifted its stake in Vontier by 15.0% during the first quarter. Citigroup Inc. now owns 41,549 shares of the company’s stock valued at $1,054,000 after purchasing an additional 5,420 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Vontier by 38.4% during the first quarter. MetLife Investment Management LLC now owns 113,425 shares of the company’s stock valued at $2,880,000 after purchasing an additional 31,497 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Vontier by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,959 shares of the company’s stock valued at $1,573,000 after purchasing an additional 5,908 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Vontier by 1.6% during the first quarter. BlackRock Inc. now owns 14,668,635 shares of the company’s stock valued at $372,436,000 after purchasing an additional 228,497 shares during the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Down 1.7 %

VNT stock opened at $26.75 on Wednesday. Vontier Co. has a 12-month low of $16.55 and a 12-month high of $28.45. The company has a quick ratio of 1.12, a current ratio of 1.49 and a debt-to-equity ratio of 4.46. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 3.41 and a beta of 1.27. The company has a 50 day moving average of $23.13 and a two-hundred day moving average of $20.66.

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, hitting analysts’ consensus estimates of $0.81. Vontier had a net margin of 12.60% and a return on equity of 92.95%. The company had revenue of $871.90 million during the quarter, compared to the consensus estimate of $791.92 million. During the same quarter in the prior year, the firm earned $0.83 EPS. On average, equities analysts anticipate that Vontier Co. will post 2.81 earnings per share for the current fiscal year.

Vontier Announces Dividend

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

Analyst Upgrades and Downgrades

VNT has been the subject of several recent research reports. Bank of America lowered shares of Vontier from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $21.00 in a research note on Monday, December 12th. TheStreet upgraded shares of Vontier from a “d+” rating to a “c-” rating in a research report on Monday, February 13th. Credit Suisse Group assumed coverage on shares of Vontier in a research report on Monday, December 12th. They issued a “neutral” rating and a $21.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Vontier from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, February 21st. Finally, Citigroup upped their price target on shares of Vontier from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.17.

Vontier 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.