Greenleaf Trust Acquires New Shares in Vontier Co. (NYSE:VNT)

Greenleaf Trust bought a new position in Vontier Co. (NYSE:VNT - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 79,365 shares of the company's stock, valued at approximately $2,678,000. Greenleaf Trust owned approximately 0.05% of Vontier as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Vontier during the first quarter valued at approximately $33,000. ORG Partners LLC bought a new stake in shares of Vontier during the first quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Vontier during the second quarter valued at approximately $44,000. Headlands Technologies LLC purchased a new position in shares of Vontier during the first quarter valued at approximately $46,000. Finally, Fifth Third Bancorp boosted its position in shares of Vontier by 32.0% during the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company's stock valued at $124,000 after buying an additional 786 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

VNT stock traded up $0.10 during midday trading on Thursday, hitting $34.33. The company's stock had a trading volume of 719,096 shares, compared to its average volume of 785,894. The stock's 50-day moving average price is $33.89 and its 200 day moving average price is $37.26. 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 Co. has a 1 year low of $28.84 and a 1 year high of $45.62. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.53 and a beta of 1.27.

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

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.29%. Vontier's dividend payout ratio is presently 3.86%.

Wall Street Analysts Forecast Growth

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