Thompson Siegel & Walmsley LLC Reduces Stock Holdings in Vontier Co. (NYSE:VNT)

Thompson Siegel & Walmsley LLC cut its position in shares of Vontier Co. (NYSE:VNT) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,851,031 shares of the company’s stock after selling 92,747 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Vontier were worth $62,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Foundry Partners LLC acquired a new stake in Vontier during the third quarter worth $573,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Vontier during the 3rd quarter worth about $344,000. King Luther Capital Management Corp lifted its position in Vontier by 1.6% in the third quarter. King Luther Capital Management Corp now owns 148,783 shares of the company’s stock valued at $5,020,000 after buying an additional 2,293 shares during the last quarter. Banyan Capital Management Inc. boosted its stake in Vontier by 2.4% during the third quarter. Banyan Capital Management Inc. now owns 403,190 shares of the company’s stock worth $13,604,000 after buying an additional 9,335 shares during the period. Finally, Quest Partners LLC raised its stake in shares of Vontier by 475.4% in the 3rd quarter. Quest Partners LLC now owns 4,505 shares of the company’s stock valued at $152,000 after acquiring an additional 3,722 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VNT shares. Evercore ISI cut their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Barclays lifted their target price on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird cut their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Stock Performance

NYSE:VNT opened at $37.39 on Thursday. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a market capitalization of $5.62 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The business’s fifty day moving average price is $35.25 and its 200 day moving average price is $36.77.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The business 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 EPS. On average, sell-side analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s payout ratio is currently 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.