Thrivent Financial for Lutherans Cuts Position in Vontier Co. (NYSE:VNT)

Thrivent Financial for Lutherans lowered its holdings in shares of Vontier Co. (NYSE:VNT) by 42.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,328 shares of the company’s stock after selling 77,517 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Vontier worth $3,842,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Global X Japan Co. Ltd. lifted its position in shares of Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after buying an additional 431 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Vontier during the third quarter valued at $40,000. Farther Finance Advisors LLC grew its position in shares of Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after purchasing an additional 700 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of Vontier during the fourth quarter worth about $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Vontier during the 4th quarter worth about $99,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on VNT. UBS Group started coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Robert W. Baird increased their price objective on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Citigroup decreased their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays increased their target price on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Vontier Stock Down 0.8 %

NYSE VNT opened at $34.28 on Wednesday. The business’s fifty day simple moving average is $36.75 and its 200-day simple moving average is $36.40. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The firm has a market cap of $5.10 billion, a PE ratio of 12.47, a P/E/G ratio of 1.23 and a beta of 1.26. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company had revenue of $776.80 million for the quarter. As a group, equities analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.29%. Vontier’s dividend payout ratio (DPR) is 3.64%.

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.