WESCAP Management Group Inc. Lowers Position in Vontier Co. (NYSE:VNT)

WESCAP Management Group Inc. trimmed its holdings in shares of Vontier Co. (NYSE:VNT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,822 shares of the company’s stock after selling 336 shares during the quarter. WESCAP Management Group Inc.’s holdings in Vontier were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased its position in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Vontier in the 3rd quarter worth $40,000. Farther Finance Advisors LLC raised its position in shares of Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after buying an additional 700 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Vontier during the 4th quarter worth $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. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Up 0.4 %

Shares of Vontier stock opened at $32.97 on Wednesday. The company’s 50 day moving average price is $36.32 and its 200-day moving average price is $36.43. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.34. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Equities research analysts forecast that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, March 6th. Vontier’s payout ratio is 3.64%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VNT shares. Citigroup dropped their price target on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. Barclays decreased their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Robert W. Baird upped their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, UBS Group initiated coverage on shares of Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.