Thrivent Financial for Lutherans Decreases Stock Holdings in Vontier Co. (NYSE:VNT)

Thrivent Financial for Lutherans lowered its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,328 shares of the company's stock after selling 77,517 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Vontier worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its position in shares of Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after buying an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Vontier during the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its position in Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after acquiring an additional 700 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Vontier in the fourth quarter valued at approximately $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Vontier in the fourth quarter worth $99,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Stock Performance

Shares of Vontier stock traded down $0.77 on Friday, reaching $32.77. 823,382 shares of the stock were exchanged, compared to its average volume of 845,316. The business has a 50 day moving average price of $36.53 and a two-hundred day moving average price of $36.40. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.23 and a beta of 1.26. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

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Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The business had revenue of $776.80 million for the quarter. Analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. Vontier's payout ratio is currently 3.64%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Robert W. Baird increased their price objective on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target for the company. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Thursday, December 12th. Barclays decreased their price objective on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Citigroup lowered their target price on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $44.50.

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.