JPMorgan Chase & Co. Sells 106,498 Shares of Vontier Co. (NYSE:VNT)

JPMorgan Chase & Co. decreased its position in Vontier Co. (NYSE:VNT - Free Report) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,837 shares of the company's stock after selling 106,498 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Vontier worth $13,963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock valued at $86,776,000 after buying an additional 18,091 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Vontier by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company's stock valued at $98,011,000 after buying an additional 277,389 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock worth $97,078,000 after buying an additional 227,388 shares during the period. River Road Asset Management LLC increased its stake in shares of Vontier by 21.4% in the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock worth $79,510,000 after acquiring an additional 415,750 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in Vontier by 2.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company's stock valued at $74,252,000 after acquiring an additional 44,254 shares during the period. 95.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VNT shares. UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price objective on the stock. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Thursday, December 12th. Citigroup lifted their price objective on Vontier from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Barclays cut their target price on Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Vontier presently has a consensus rating of "Moderate Buy" and an average target price of $44.88.

Vontier Stock Down 0.5 %

Shares of VNT stock traded down $0.17 during mid-day trading on Friday, hitting $35.95. The company's stock had a trading volume of 732,669 shares, compared to its average volume of 643,645. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.85 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62. The business has a 50-day moving average price of $38.08 and a 200 day moving average price of $36.29.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million during the quarter, compared to analysts' expectations of $729.23 million. During the same period in the previous year, the company earned $0.73 earnings per share. The firm's quarterly revenue was down 2.0% on a year-over-year basis. Research analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Thursday, November 21st. Vontier's dividend payout ratio is 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.