Cornercap Investment Counsel Inc. Trims Stake in Vontier Co. (NYSE:VNT)

Cornercap Investment Counsel Inc. cut its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 57.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,809 shares of the company's stock after selling 15,945 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Vontier were worth $398,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Vontier by 37.1% during the 3rd 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. lifted its holdings 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 acquiring an additional 410 shares during the period. Ritholtz Wealth Management boosted its position in Vontier by 3.3% in 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 last quarter. Benjamin Edwards Inc. boosted its position in Vontier by 6.2% in 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 last quarter. Finally, Creative Planning grew its stake in Vontier by 2.8% in the 2nd quarter. Creative Planning now owns 17,918 shares of the company's stock valued at $684,000 after purchasing an additional 491 shares during the period. 95.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VNT. Evercore ISI reduced their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Barclays increased their target price on shares of Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Argus cut shares of Vontier from a "buy" rating to a "hold" rating in a report on Tuesday, August 20th. Finally, Robert W. Baird reduced their price objective on Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Vontier currently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Vontier Stock Performance

Shares of VNT stock opened at $38.08 on Friday. The firm's 50 day moving average is $34.93 and its 200 day moving average is $36.82. The stock has a market capitalization of $5.72 billion, a P/E ratio of 14.59, a PEG ratio of 1.78 and a beta of 1.25. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. On average, sell-side analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued 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, November 21st. Vontier's payout ratio is presently 3.83%.

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.