King Luther Capital Management Corp Has $5.02 Million Stock Position in Vontier Co. (NYSE:VNT)

King Luther Capital Management Corp increased its holdings in Vontier Co. (NYSE:VNT) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 148,783 shares of the company’s stock after purchasing an additional 2,293 shares during the period. King Luther Capital Management Corp’s holdings in Vontier were worth $5,020,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Vontier by 2,976.5% during the 3rd 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. acquired a new stake in Vontier in the 3rd quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC bought a new stake in Vontier during the second quarter worth approximately $44,000. Covestor Ltd grew its holdings in Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Vontier by 32.0% in the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after purchasing an additional 786 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Vontier Stock Up 1.4 %

Shares of VNT opened at $38.84 on Friday. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The firm has a market capitalization of $5.83 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.73 and a beta of 1.25. The company has a 50-day simple moving average of $35.48 and a 200-day simple moving average of $36.77. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 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 firm had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the prior year, the firm posted $0.73 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier’s dividend 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.