Amalgamated Bank Sells 1,898 Shares of Vontier Co. (NYSE:VNT)

Amalgamated Bank reduced its stake in shares of Vontier Co. (NYSE:VNT) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,499 shares of the company’s stock after selling 1,898 shares during the period. Amalgamated Bank’s holdings in Vontier were worth $2,608,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares in the last quarter. Private Management Group Inc. boosted its holdings in Vontier by 1.1% during the 3rd quarter. Private Management Group Inc. now owns 502,578 shares of the company’s stock worth $16,957,000 after acquiring an additional 5,571 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Vontier in the 3rd quarter worth $2,611,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vontier in the third quarter valued at about $37,000. Finally, River Road Asset Management LLC lifted its position in shares of Vontier by 21.4% during the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after purchasing an additional 415,750 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Price Performance

Shares of NYSE:VNT opened at $37.34 on Friday. The company has a 50-day moving average price of $37.69 and a two-hundred day moving average price of $36.45. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. 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 capitalization of $5.55 billion, a PE ratio of 13.58, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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 during the quarter. Equities analysts forecast that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. Vontier’s dividend payout ratio (DPR) is 3.64%.

Analyst Ratings Changes

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

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.