IMS Capital Management Trims Holdings in Vontier Co. (NYSE:VNT)

IMS Capital Management trimmed its holdings in Vontier Co. (NYSE:VNT) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,355 shares of the company’s stock after selling 1,300 shares during the quarter. IMS Capital Management’s holdings in Vontier were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. River Road Asset Management LLC grew its stake in shares of Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after acquiring an additional 415,750 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after purchasing an additional 272,166 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Vontier by 42.1% in the 4th quarter. Retirement Systems of Alabama now owns 705,740 shares of the company’s stock worth $25,738,000 after purchasing an additional 209,227 shares in the last quarter. Jane Street Group LLC grew its position in Vontier by 398.4% during the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after purchasing an additional 152,904 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in Vontier by 1,414.9% during the 3rd quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock valued at $5,394,000 after purchasing an additional 149,312 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Shares of VNT opened at $38.39 on Friday. The firm has a fifty day simple moving average of $37.67 and a two-hundred day simple moving average of $36.14. The firm has a market cap of $5.77 billion, a PE ratio of 14.71, a P/E/G ratio of 1.75 and a beta of 1.26. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 45.48% and a net margin of 13.54%. On average, equities analysts anticipate that Vontier Co. will post 2.88 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on VNT shares. Barclays dropped their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Citigroup lowered their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, December 12th. Finally, UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.63.

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.