Loomis Sayles & Co. L P Lowers Holdings in Vontier Co. (NYSE:VNT)

Loomis Sayles & Co. L P reduced its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,852 shares of the company's stock after selling 27,615 shares during the period. Loomis Sayles & Co. L P owned approximately 0.71% of Vontier worth $36,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Vontier by 305.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company's stock worth $34,473,000 after purchasing an additional 679,651 shares during the last quarter. Stanley Capital Management LLC purchased a new stake in Vontier during the 2nd quarter valued at about $17,954,000. River Road Asset Management LLC increased its holdings in shares of Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after purchasing an additional 415,750 shares during the period. Eldred Rock Partners LLC purchased a new position in shares of Vontier in the second quarter worth about $14,613,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Vontier by 24.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company's stock valued at $76,898,000 after buying an additional 329,191 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Analyst Upgrades and Downgrades

VNT has been the subject of several research reports. Argus cut shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Robert W. Baird cut their price target on Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Barclays lifted 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. Finally, Evercore ISI dropped their target price on Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Vontier Price Performance

VNT traded down $0.07 during trading on Tuesday, hitting $38.95. The company's stock had a trading volume of 832,864 shares, compared to its average volume of 810,414. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.82 and a beta of 1.25. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The business's fifty day simple moving average is $35.70 and its 200 day simple moving average is $36.69. 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 issued its quarterly earnings results 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 net margin of 13.54% and a return on equity of 45.48%. 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 firm earned $0.73 EPS. The firm's revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast 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 will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier's dividend payout ratio (DPR) 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.