West Coast Financial LLC Has $364,000 Holdings in Vontier Co. (NYSE:VNT)

West Coast Financial LLC lessened its holdings in shares of Vontier Co. (NYSE:VNT) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,095 shares of the company’s stock after selling 1,870 shares during the period. West Coast Financial LLC’s holdings in Vontier were worth $364,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after purchasing an additional 272,166 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Vontier during the fourth quarter worth $508,000. Wolverine Asset Management LLC acquired a new position in shares of Vontier during the fourth quarter worth $2,918,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock worth $888,000 after purchasing an additional 7,909 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Vontier by 14.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company’s stock worth $2,852,000 after purchasing an additional 9,833 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president now directly owns 88,248 shares of the company’s stock, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.

Vontier Price Performance

Shares of NYSE VNT opened at $35.80 on Friday. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $5.29 billion, a PE ratio of 13.02, a P/E/G ratio of 1.23 and a beta of 1.29. The firm has a fifty day simple moving average of $33.06 and a 200 day simple moving average of $35.66.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts forecast that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier’s dividend payout ratio (DPR) is currently 4.07%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VNT. Citigroup lowered their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Evercore ISI lifted their target price on shares of Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Barclays lifted their target price on shares of Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Finally, Robert W. Baird lifted their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.83.

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.