Loomis Sayles & Co. L P Cuts Position in Vontier Co. (NYSE:VNT)

Loomis Sayles & Co. L P trimmed its holdings in shares of Vontier Co. (NYSE:VNT) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,068,852 shares of the company’s stock after selling 27,615 shares during the period. Loomis Sayles & Co. L P owned approximately 0.71% of Vontier worth $36,063,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after acquiring an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Vontier in the third quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Vontier during the second quarter valued at approximately $44,000. Covestor Ltd raised its holdings in Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after acquiring an additional 395 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Vontier by 32.0% in the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock worth $124,000 after acquiring an additional 786 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Trading Up 0.5 %

Shares of VNT stock opened at $39.02 on Tuesday. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The firm has a fifty day moving average price of $35.59 and a 200-day moving average price of $36.70. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.82 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. As a group, equities analysts predict that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.025 dividend. The ex-dividend date 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 presently 3.83%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Evercore ISI reduced their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Barclays increased their price objective on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird decreased their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Vontier currently has an average rating of “Moderate Buy” and a consensus target price 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.