The Manufacturers Life Insurance Company Cuts Stock Position in Vontier Co. (NYSE:VNT)

The Manufacturers Life Insurance Company lessened its stake in shares of Vontier Co. (NYSE:VNT) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 511,285 shares of the company’s stock after selling 2,588 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.33% of Vontier worth $19,531,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new position in shares of Vontier in the 1st quarter worth about $27,000. Opal Wealth Advisors LLC purchased a new position in Vontier in the 1st quarter worth approximately $30,000. Riverview Trust Co bought a new position in Vontier in the 1st quarter valued at approximately $33,000. ORG Partners LLC bought a new position in shares of Vontier during the first quarter valued at $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier during the second quarter valued at $44,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

VNT has been the topic of several research analyst reports. Evercore ISI lowered their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Robert W. Baird dropped their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Barclays decreased their price objective on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Vontier Stock Performance

Shares of Vontier stock opened at $33.51 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. The stock’s fifty day moving average is $34.30 and its two-hundred day moving average is $38.36. Vontier Co. has a 52 week low of $28.84 and a 52 week high of $45.62. The company has a market capitalization of $5.15 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The company had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. As a group, analysts expect that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend 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%.

Vontier 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.