Allspring Global Investments Holdings LLC Decreases Position in Vontier Co. (NYSE:VNT)

Allspring Global Investments Holdings LLC lessened its position in Vontier Co. (NYSE:VNT - Free Report) by 87.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,670 shares of the company's stock after selling 69,094 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Vontier were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in VNT. Blue Trust Inc. raised its stake in Vontier by 10.9% during the third quarter. Blue Trust Inc. now owns 4,171 shares of the company's stock valued at $141,000 after buying an additional 410 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Vontier by 3.3% in the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company's stock worth $502,000 after purchasing an additional 420 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of Vontier by 6.2% in the second quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company's stock worth $295,000 after purchasing an additional 448 shares during the last quarter. Creative Planning raised its stake in shares of Vontier by 2.8% in the second quarter. Creative Planning now owns 17,918 shares of the company's stock worth $684,000 after purchasing an additional 491 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Vontier in the first quarter worth $35,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on VNT shares. Robert W. Baird decreased their price target on Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Argus lowered Vontier from a "buy" rating to a "hold" rating in a report on Tuesday, August 20th. Barclays cut their price objective on Vontier from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Finally, Evercore ISI cut 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $44.25.

Vontier Stock Performance

NYSE:VNT traded down $0.12 during mid-day trading on Friday, hitting $36.96. 1,215,603 shares of the company traded hands, compared to its average volume of 742,318. The stock's fifty day moving average price is $33.95 and its 200-day moving average price is $36.90. Vontier Co. has a one year low of $29.99 and a one year high of $45.62. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The business had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. Vontier's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. Research analysts anticipate that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier's dividend payout ratio (DPR) is 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.