Vontier Co. (NYSE:VNT) Short Interest Update

Vontier Co. (NYSE:VNT) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,370,000 shares, a decline of 18.6% from the October 31st total of 2,910,000 shares. Based on an average daily volume of 914,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Vontier

A number of large investors have recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Vontier by 37.1% during 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 period. TD Private Client Wealth LLC lifted its stake in Vontier by 9.7% during the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after purchasing an additional 404 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after purchasing an additional 410 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Vontier by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after buying an additional 420 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Vontier by 6.2% during the second quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock worth $295,000 after acquiring an additional 448 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

Shares of NYSE:VNT opened at $39.26 on Monday. 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 has a 12-month low of $31.22 and a 12-month high of $45.62. The company’s 50 day moving average price is $36.04 and its two-hundred day moving average price is $36.67. The firm has a market cap of $5.90 billion, a PE ratio of 15.04, a PEG ratio of 1.84 and a beta of 1.25.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. Equities research analysts predict that Vontier 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. Investors of record on Thursday, November 21st will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.25%. Vontier’s dividend payout ratio is 3.83%.

Analyst Upgrades and Downgrades

VNT has been the subject of a number of research reports. Barclays raised their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Argus cut Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Evercore ISI lowered their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Vontier Company 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.