Commerce Bank Sells 162,685 Shares of Vontier Co. (NYSE:VNT)

Commerce Bank reduced its holdings in Vontier Co. (NYSE:VNT - Free Report) by 83.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,974 shares of the company's stock after selling 162,685 shares during the quarter. Commerce Bank's holdings in Vontier were worth $1,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in VNT. Covestor Ltd grew its position in Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock worth $49,000 after buying an additional 395 shares in the last quarter. Blue Trust Inc. grew its position in Vontier by 10.9% during the third quarter. Blue Trust Inc. now owns 4,171 shares of the company's stock worth $141,000 after buying an additional 410 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Vontier by 3.3% during the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company's stock worth $502,000 after purchasing an additional 420 shares during the period. Benjamin Edwards Inc. lifted 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 purchasing an additional 448 shares during the period. Finally, Creative Planning lifted its stake in Vontier by 2.8% during the second quarter. Creative Planning now owns 17,918 shares of the company's stock worth $684,000 after purchasing an additional 491 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Price Performance

Shares of NYSE:VNT traded up $0.18 during trading on Monday, reaching $39.02. The stock had a trading volume of 1,337,653 shares, compared to its average volume of 810,314. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The stock has a market capitalization of $5.86 billion, a PE ratio of 14.95, a P/E/G ratio of 1.82 and a beta of 1.25. The business's 50-day moving average price is $35.59 and its 200 day moving average price is $36.70. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.04. The business had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. As a group, equities analysts predict that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier's dividend payout ratio is currently 3.83%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Barclays raised their price target 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 shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Finally, Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Three equities 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 presently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

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.