Marathon Asset Management Ltd Trims Holdings in Vontier Co. (NYSE:VNT)

Marathon Asset Management Ltd lessened its position in Vontier Co. (NYSE:VNT - Free Report) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 370,271 shares of the company's stock after selling 42,899 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.24% of Vontier worth $12,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Vontier in the 4th quarter valued at approximately $259,000. Rise Advisors LLC purchased a new stake in shares of Vontier during the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new stake in Vontier during the 1st quarter valued at $30,000. Riverview Trust Co purchased a new stake in Vontier during the 1st quarter worth $33,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in Vontier in the 1st quarter worth $301,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

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

Vontier Stock Down 0.4 %

NYSE VNT traded down $0.13 during trading hours on Friday, reaching $35.18. 219,588 shares of the company's stock were exchanged, compared to its average volume of 788,877. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. Vontier Co. has a one year low of $28.84 and a one year high of $45.62. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The company's 50-day moving average is $33.77 and its two-hundred day moving average is $37.56.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The business's revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. On average, analysts forecast that Vontier Co. will post 2.88 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were given 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, September 5th. Vontier's dividend payout ratio is presently 3.62%.

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.