Vontier Co. (NYSE:VNT) Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Vontier Co. (NYSE:VNT) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,760 shares of the company’s stock after acquiring an additional 801 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Vontier were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Vontier in the 4th quarter valued at approximately $3,386,000. Mackenzie Financial Corp grew its stake in Vontier by 0.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company’s stock worth $92,646,000 after buying an additional 20,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vontier by 13.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 521,525 shares of the company’s stock worth $19,020,000 after buying an additional 61,690 shares during the last quarter. Woodline Partners LP grew its stake in Vontier by 20.8% during the 4th quarter. Woodline Partners LP now owns 807,110 shares of the company’s stock worth $29,435,000 after buying an additional 139,150 shares during the last quarter. Finally, Vident Advisory LLC bought a new position in Vontier during the 4th quarter worth $424,000. 95.83% of the stock is currently owned by institutional investors.

Vontier Trading Up 2.1%

NYSE:VNT opened at $36.24 on Tuesday. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $41.61. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.23 and a beta of 1.31. The business has a fifty day moving average of $33.95 and a 200-day moving average of $35.51. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. The company had revenue of $741.10 million during the quarter, compared to analysts’ expectations of $723.06 million. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. Equities analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be issued a $0.025 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. Vontier’s dividend payout ratio (DPR) is 4.07%.

Analysts Set New Price Targets

A number of research analysts recently commented on VNT shares. Citigroup lowered their price objective on Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Barclays upped their price objective on Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Evercore ISI upped their price objective on Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Finally, Robert W. Baird upped their price objective on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average target price of $44.83.

Insider Activity

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president now owns 88,248 shares in the company, valued at $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.97% of the company’s stock.

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.