Klein Pavlis & Peasley Financial Inc. Has $1.30 Million Stock Position in Vontier Co. (NYSE:VNT)

Klein Pavlis & Peasley Financial Inc. cut its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,000 shares of the company's stock after selling 8,800 shares during the period. Klein Pavlis & Peasley Financial Inc.'s holdings in Vontier were worth $1,299,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of VNT. Rise Advisors LLC bought a new stake in shares of Vontier in the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Vontier in the first quarter valued at approximately $30,000. Riverview Trust Co bought a new position in shares of Vontier during the 1st quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Vontier during the 4th quarter worth approximately $35,000. Finally, ORG Partners LLC bought a new stake in Vontier in the 1st quarter valued at $35,000. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

Shares of NYSE:VNT remained flat at $34.96 on Tuesday. 703,467 shares of the company's stock were exchanged, compared to its average volume of 768,962. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62. The company's fifty day moving average price is $37.22 and its two-hundred day moving average price is $39.84. The firm has a market cap of $5.40 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08). The company had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. Vontier's revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS. As a group, equities research analysts forecast that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, September 5th. Vontier's dividend payout ratio is currently 3.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a report on Tuesday, August 20th. Barclays lowered their price target on shares of Vontier from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, August 5th. Finally, Evercore ISI reduced their price objective on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Vontier has a consensus rating of "Moderate Buy" and an average target price of $44.25.

Vontier Company 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.

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