Icon Wealth Advisors LLC Sells 7,077 Shares of Vontier Co. (NYSE:VNT)

Icon Wealth Advisors LLC lessened its position in Vontier Co. (NYSE:VNT) by 66.8% in the third quarter, HoldingsChannel reports. The firm owned 3,518 shares of the company’s stock after selling 7,077 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Vontier were worth $119,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in shares of Vontier by 17.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 19,054 shares of the company’s stock valued at $864,000 after acquiring an additional 2,774 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Vontier by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock valued at $4,941,000 after purchasing an additional 16,305 shares during the period. Quadrature Capital Ltd purchased a new stake in Vontier during the first quarter valued at approximately $344,000. Price T Rowe Associates Inc. MD raised its position in Vontier by 24.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after purchasing an additional 329,191 shares during the period. Finally, Janus Henderson Group PLC raised its position in Vontier by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,161,243 shares of the company’s stock valued at $52,674,000 after purchasing an additional 13,160 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Up 1.4 %

NYSE VNT opened at $38.84 on Monday. The stock has a market cap of $5.83 billion, a PE ratio of 14.88, a P/E/G ratio of 1.82 and a beta of 1.25. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The business has a 50 day moving average price of $35.48 and a two-hundred day moving average price of $36.71. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last posted its quarterly 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 return on equity of 45.48% and a net margin of 13.54%. The business had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s dividend payout ratio (DPR) is 3.83%.

Analysts Set New Price Targets

VNT has been the topic of a number of analyst reports. Argus cut Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI dropped their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Barclays upped their target price on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lowered their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Vontier 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.