Anchor Capital Advisors LLC Sells 281,857 Shares of Vontier Co. (NYSE:VNT)

Anchor Capital Advisors LLC lessened its stake in Vontier Co. (NYSE:VNT) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,180,051 shares of the company’s stock after selling 281,857 shares during the quarter. Vontier accounts for approximately 1.3% of Anchor Capital Advisors LLC’s holdings, making the stock its 26th biggest position. Anchor Capital Advisors LLC owned approximately 0.76% of Vontier worth $45,078,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. raised its holdings in Vontier by 2,206.7% in the second quarter. Cullen Frost Bankers Inc. now owns 4,152 shares of the company’s stock worth $159,000 after buying an additional 3,972 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Vontier by 4.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 339,387 shares of the company’s stock worth $12,965,000 after acquiring an additional 15,211 shares during the last quarter. Arizona State Retirement System lifted its position in Vontier by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 43,295 shares of the company’s stock valued at $1,654,000 after acquiring an additional 882 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Vontier by 3.5% during the 2nd quarter. Victory Capital Management Inc. now owns 70,872 shares of the company’s stock valued at $2,707,000 after purchasing an additional 2,426 shares during the last quarter. Finally, Foster & Motley Inc. increased its holdings in shares of Vontier by 40.8% in the 2nd quarter. Foster & Motley Inc. now owns 14,134 shares of the company’s stock worth $540,000 after purchasing an additional 4,094 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Shares of NYSE:VNT opened at $32.55 on Friday. The firm’s 50 day moving average price is $36.36 and its 200-day moving average price is $39.56. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. The stock has a market capitalization of $5.00 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. Equities research analysts expect that Vontier Co. will post 2.88 EPS for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.31%. Vontier’s payout ratio is 3.62%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VNT. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays lowered their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Robert W. Baird reduced their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Evercore ISI decreased their price objective on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Vontier currently has an average rating of “Moderate Buy” and an average price target of $44.25.

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.