IMS Capital Management Sells 1,300 Shares of Vontier Co. (NYSE:VNT)

IMS Capital Management lessened its stake in shares of Vontier Co. (NYSE:VNT) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,355 shares of the company’s stock after selling 1,300 shares during the period. IMS Capital Management’s holdings in Vontier were worth $524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VNT. Global X Japan Co. Ltd. grew its stake in shares of Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after acquiring an additional 431 shares during the period. International Assets Investment Management LLC lifted its holdings in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after purchasing 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier in the third quarter worth $40,000. Finally, 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. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 1.8 %

VNT stock opened at $38.39 on Friday. The firm’s fifty day simple moving average is $37.67 and its two-hundred day simple moving average is $36.14. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Vontier had a net margin of 13.54% and a return on equity of 45.48%. As a group, analysts anticipate that Vontier Co. will post 2.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup lowered their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays cut their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group initiated coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier has an average rating of “Moderate Buy” and a consensus price target of $44.63.

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.