AlphaQuest LLC Sells 27,616 Shares of Vontier Corporation $VNT

AlphaQuest LLC cut its position in Vontier Corporation (NYSE:VNT) by 50.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,356 shares of the company’s stock after selling 27,616 shares during the quarter. AlphaQuest LLC’s holdings in Vontier were worth $1,148,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VNT. Corient Private Wealth LLC grew its position in shares of Vontier by 104.6% in the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after acquiring an additional 2,450,723 shares during the period. River Road Asset Management LLC grew its holdings in Vontier by 24.5% during the second quarter. River Road Asset Management LLC now owns 3,115,850 shares of the company’s stock worth $114,975,000 after purchasing an additional 613,746 shares during the period. Franklin Resources Inc. grew its holdings in Vontier by 81.6% during the second quarter. Franklin Resources Inc. now owns 2,824,376 shares of the company’s stock worth $104,219,000 after purchasing an additional 1,269,063 shares during the period. Norges Bank acquired a new position in Vontier during the second quarter worth approximately $66,535,000. Finally, Russell Investments Group Ltd. raised its stake in Vontier by 0.5% in the second quarter. Russell Investments Group Ltd. now owns 1,557,456 shares of the company’s stock valued at $57,470,000 after buying an additional 7,135 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on VNT shares. Bank of America reiterated an “underperform” rating and set a $40.00 target price (down from $50.00) on shares of Vontier in a research note on Friday, November 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Vontier in a research note on Monday, December 29th. Barclays decreased their price target on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Robert W. Baird lowered their price target on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, KeyCorp reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vontier currently has an average rating of “Moderate Buy” and an average target price of $45.63.

Vontier Trading Up 0.1%

Shares of VNT stock opened at $37.47 on Monday. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.88. The stock’s fifty day moving average price is $37.26 and its two-hundred day moving average price is $39.52. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 1.18. The company has a market cap of $5.44 billion, a PE ratio of 13.72, a P/E/G ratio of 1.53 and a beta of 1.28.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Vontier had a net margin of 13.34% and a return on equity of 40.49%. The business had revenue of $752.50 million during the quarter, compared to analysts’ expectations of $747.32 million. During the same period in the prior year, the company earned $0.73 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts predict that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s dividend payout ratio (DPR) is presently 3.66%.

About Vontier

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.