Crossmark Global Holdings Inc. Sells 99,616 Shares of Vontier Co. (NYSE:VNT)

Crossmark Global Holdings Inc. lowered its stake in Vontier Co. (NYSE:VNT) by 90.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,422 shares of the company’s stock after selling 99,616 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Vontier were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VNT. International Assets Investment Management LLC increased its holdings in Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after acquiring an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Vontier in the third quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier in the second quarter worth $44,000. Covestor Ltd raised its position in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after buying an additional 786 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VNT shares. Robert W. Baird cut 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. Barclays lifted their target price on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI dropped their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Stock Performance

NYSE VNT opened at $38.08 on Monday. The stock has a market capitalization of $5.72 billion, a PE ratio of 14.59, a P/E/G ratio of 1.78 and a beta of 1.25. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The business has a 50 day simple moving average of $34.93 and a two-hundred day simple moving average of $36.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. Vontier’s quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s payout ratio is currently 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.