Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Stock Position in Vontier Co. (NYSE:VNT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its holdings in shares of Vontier Co. (NYSE:VNT) by 59.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,475 shares of the company’s stock after selling 3,636 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Vontier were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Treasurer of the State of North Carolina increased its holdings in Vontier by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 68,343 shares of the company’s stock worth $2,113,000 after acquiring an additional 340 shares during the period. Citigroup Inc. increased its holdings in Vontier by 1.8% during the 3rd quarter. Citigroup Inc. now owns 27,747 shares of the company’s stock worth $858,000 after acquiring an additional 494 shares during the period. Arizona State Retirement System increased its holdings in Vontier by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 44,309 shares of the company’s stock worth $1,370,000 after acquiring an additional 603 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Vontier by 7.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 10,577 shares of the company’s stock worth $360,000 after acquiring an additional 760 shares during the period. Finally, CWM LLC increased its holdings in Vontier by 78.9% during the 4th quarter. CWM LLC now owns 1,911 shares of the company’s stock worth $66,000 after acquiring an additional 843 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VNT shares. Evercore ISI upped their target price on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. UBS Group increased their price target on shares of Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Bank of America raised shares of Vontier from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $40.00 in a report on Thursday, January 11th. The Goldman Sachs Group increased their price target on shares of Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Argus increased their price target on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Vontier Price Performance

Shares of Vontier stock opened at $40.74 on Wednesday. Vontier Co. has a 52-week low of $26.23 and a 52-week high of $45.62. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.17 and a beta of 1.31. The company has a fifty day moving average of $42.63 and a 200-day moving average of $36.71. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.39.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $780.92 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue was down 9.5% on a year-over-year basis. Equities research analysts expect that Vontier Co. will post 3.15 EPS for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.25%. Vontier’s payout ratio is currently 4.15%.

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.