Comerica Bank Sells 11,940 Shares of Vontier Co. (NYSE:VNT)

Comerica Bank trimmed its position in Vontier Co. (NYSE:VNT) by 12.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 81,127 shares of the company’s stock after selling 11,940 shares during the period. Comerica Bank owned about 0.05% of Vontier worth $2,959,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. raised its holdings in Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Vontier in the third quarter valued at approximately $40,000. Farther Finance Advisors LLC grew its holdings in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after acquiring an additional 700 shares during the period. Covestor Ltd raised its position in shares of Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company’s stock valued at $89,000 after acquiring an additional 976 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Vontier in the 4th quarter valued at $98,000. Institutional investors own 95.83% of the company’s stock.

Analyst Ratings Changes

VNT has been the subject of a number of recent analyst reports. Barclays upped their price objective on Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Monday. Robert W. Baird boosted their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Finally, Citigroup cut their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.67.

Vontier Stock Performance

VNT opened at $34.10 on Thursday. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.23 and a beta of 1.29. The business’s 50-day moving average price is $32.07 and its two-hundred day moving average price is $35.81. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $41.61. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

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

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.