Vontier Co. (NYSE:VNT) Shares Sold by West Coast Financial LLC

West Coast Financial LLC lessened its stake in shares of Vontier Co. (NYSE:VNT) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,965 shares of the company’s stock after selling 573 shares during the quarter. West Coast Financial LLC’s holdings in Vontier were worth $473,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VNT. Covestor Ltd lifted its stake in shares of Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after acquiring an additional 395 shares during the period. TD Private Client Wealth LLC raised its position in shares of Vontier by 9.7% in the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock valued at $154,000 after buying an additional 404 shares during the last quarter. Blue Trust Inc. lifted its stake in Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after purchasing an additional 410 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Vontier by 6.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock worth $295,000 after acquiring an additional 448 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Vontier by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock valued at $147,000 after acquiring an additional 482 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VNT shares. UBS Group started coverage on shares of Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Citigroup decreased their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday. 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 research note on Thursday, December 12th. Finally, Barclays lowered their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.63.

Vontier Price Performance

Shares of NYSE VNT opened at $36.80 on Thursday. The firm has a market capitalization of $5.53 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The stock’s 50-day simple moving average is $38.02 and its 200-day simple moving average is $36.26.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the prior year, the business posted $0.73 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities research analysts forecast that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is 3.83%.

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.