Skylands Capital LLC Sells 3,850 Shares of Vontier Co. (NYSE:VNT)

Skylands Capital LLC lessened its holdings in shares of Vontier Co. (NYSE:VNT) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,700 shares of the company’s stock after selling 3,850 shares during the quarter. Skylands Capital LLC’s holdings in Vontier were worth $864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after purchasing an additional 18,091 shares during the period. River Road Asset Management LLC increased its stake in Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after purchasing an additional 415,750 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Vontier by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company’s stock worth $49,766,000 after buying an additional 42,357 shares during the period. Truist Financial Corp lifted its stake in Vontier by 5.4% in the fourth quarter. Truist Financial Corp now owns 1,415,317 shares of the company’s stock valued at $51,617,000 after buying an additional 72,787 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Vontier by 11.2% in the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock valued at $44,246,000 after buying an additional 132,312 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VNT shares. Citigroup dropped their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. UBS Group started coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, December 12th. Robert W. Baird lifted their target price on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Barclays lifted their price objective on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.43.

Vontier Price Performance

NYSE:VNT opened at $37.76 on Monday. The stock has a market capitalization of $5.61 billion, a PE ratio of 13.73, a P/E/G ratio of 1.23 and a beta of 1.26. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The firm has a fifty day simple moving average of $37.67 and a 200 day simple moving average of $36.32. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. On average, research analysts expect that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s dividend payout ratio (DPR) is presently 3.64%.

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.