Aristides Capital LLC Acquires New Position in Vontier Co. (NYSE:VNT)

Aristides Capital LLC bought a new stake in Vontier Co. (NYSE:VNT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,552 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in shares of Vontier in the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Vontier during the first quarter worth $30,000. Riverview Trust Co purchased a new stake in Vontier during the first quarter worth approximately $33,000. ORG Partners LLC acquired a new stake in Vontier during the first quarter worth approximately $35,000. Finally, Headlands Technologies LLC purchased a new position in shares of Vontier in the 1st quarter valued at $46,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Performance

NYSE:VNT opened at $33.74 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $5.19 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The firm has a 50-day moving average price of $34.42 and a two-hundred day moving average price of $38.43. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share (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 company had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $746.43 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The firm’s revenue was down 8.9% compared to the same quarter last year. As a group, research analysts expect that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.30%. Vontier’s payout ratio is currently 3.62%.

Analyst Upgrades and Downgrades

VNT has been the topic of a number of research reports. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Robert W. Baird lowered their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Evercore ISI lowered their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Barclays decreased 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Vontier Company 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.