Corient Private Wealth LLC Sells 35,695 Shares of Vontier Co. (NYSE:VNT)

Corient Private Wealth LLC cut its holdings in Vontier Co. (NYSE:VNT - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,280,769 shares of the company's stock after selling 35,695 shares during the period. Corient Private Wealth LLC owned approximately 1.52% of Vontier worth $83,180,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP lifted its stake in Vontier by 10.2% in the fourth quarter. Royce & Associates LP now owns 1,347,259 shares of the company's stock worth $49,135,000 after purchasing an additional 124,426 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Vontier in the fourth quarter worth $225,000. Great Lakes Advisors LLC bought a new stake in Vontier in the fourth quarter worth $217,000. Farther Finance Advisors LLC lifted its stake in Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after purchasing an additional 700 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Vontier by 14.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company's stock worth $2,852,000 after purchasing an additional 9,833 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Stock Down 1.4 %

Shares of NYSE:VNT traded down $0.48 during trading on Thursday, reaching $33.85. 970,410 shares of the stock traded hands, compared to its average volume of 812,673. The stock has a 50-day moving average of $36.91 and a two-hundred day moving average of $36.36. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The stock has a market cap of $5.03 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

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Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (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 for the quarter. As a group, sell-side analysts expect that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier's dividend payout ratio is currently 3.64%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays boosted their price target on shares of Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wolfe Research raised shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Citigroup lowered their price objective on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Monday, January 13th. UBS Group assumed coverage on shares of Vontier in a research note on Tuesday, December 10th. They set a "buy" rating and a $47.00 price objective for the company. Finally, Robert W. Baird upped their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.67.

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.