Retirement Systems of Alabama Trims Stake in Vontier Co. (NYSE:VNT)

Retirement Systems of Alabama decreased its position in shares of Vontier Co. (NYSE:VNT) by 0.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 500,372 shares of the company’s stock after selling 3,643 shares during the period. Retirement Systems of Alabama owned about 0.32% of Vontier worth $19,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VNT. Rise Advisors LLC purchased a new position in shares of Vontier during the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Vontier during the 1st quarter worth approximately $30,000. Riverview Trust Co purchased a new stake in shares of Vontier in the 1st quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Vontier in the 4th quarter worth approximately $35,000. Finally, ORG Partners LLC purchased a new stake in shares of Vontier in the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VNT shares. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI cut their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Robert W. Baird cut their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays cut their price target on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Vontier Stock Performance

Shares of VNT opened at $35.03 on Friday. The business’s fifty day simple moving average is $37.29 and its two-hundred day simple moving average is $39.82. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. Vontier Co. has a 12 month low of $28.84 and a 12 month high of $45.62. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.51 and a beta of 1.29.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. During the same quarter in the prior year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. Research analysts anticipate that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. Vontier’s payout ratio is 3.62%.

About Vontier

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.