Vontier Co. (NYSE:VNT) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its position in Vontier Co. (NYSE:VNT - Free Report) by 75.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,786 shares of the company's stock after selling 20,959 shares during the period. Glenmede Trust Co. NA's holdings in Vontier were worth $229,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company's stock valued at $98,011,000 after purchasing an additional 277,389 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock valued at $97,078,000 after buying an additional 227,388 shares in the last quarter. River Road Asset Management LLC grew its holdings in Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after buying an additional 415,750 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in Vontier by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company's stock worth $74,252,000 after buying an additional 44,254 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Vontier by 3.7% in the second quarter. LSV Asset Management now owns 1,716,847 shares of the company's stock worth $65,584,000 after acquiring an additional 61,526 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNT has been the topic of a number of analyst reports. Barclays increased their price objective on Vontier from $44.00 to $46.00 and gave the company 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 lowered their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Vontier Trading Up 0.3 %

Shares of NYSE VNT traded up $0.13 on Friday, reaching $38.64. 731,303 shares of the company traded hands, compared to its average volume of 804,893. The company has a 50 day moving average of $36.50 and a 200 day moving average of $36.68. 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 Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The stock has a market capitalization of $5.80 billion, a PE ratio of 14.74, a P/E/G ratio of 1.83 and a beta of 1.24.

Vontier (NYSE:VNT - Get Free Report) last announced 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 company had revenue of $750.00 million for 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% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. On average, equities research analysts forecast that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given 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 dividend payout ratio (DPR) is presently 3.83%.

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.