Confluence Investment Management LLC Sells 207,668 Shares of Vontier Co. (NYSE:VNT)

Confluence Investment Management LLC lowered its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 34.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 391,089 shares of the company's stock after selling 207,668 shares during the quarter. Confluence Investment Management LLC owned about 0.25% of Vontier worth $13,195,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VNT. Texas Permanent School Fund Corp lifted its holdings in shares of Vontier by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 135,066 shares of the company's stock valued at $6,127,000 after purchasing an additional 1,807 shares during the last quarter. ORG Partners LLC purchased a new position in Vontier during the first quarter valued at $35,000. Envestnet Portfolio Solutions Inc. bought a new stake in Vontier in the first quarter worth $205,000. LSV Asset Management boosted its holdings in Vontier by 10.9% in the first quarter. LSV Asset Management now owns 1,655,321 shares of the company's stock worth $75,085,000 after acquiring an additional 163,011 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Vontier in the first quarter worth $971,000. Institutional investors own 95.83% of the company's stock.

Vontier Stock Performance

VNT stock traded down $0.40 on Friday, hitting $40.05. The company had a trading volume of 1,162,736 shares, compared to its average volume of 801,658. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.87 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The stock's 50-day simple moving average is $34.27 and its 200 day simple moving average is $36.91. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping 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 company had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. Vontier's revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts expect that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier's dividend payout ratio (DPR) is presently 3.83%.

Wall Street Analyst Weigh In

Several analysts recently commented on VNT shares. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Barclays boosted 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. Finally, Robert W. Baird lowered their price objective on Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.50.

Vontier 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.