Choate Investment Advisors Decreases Stake in Vontier Co. (NYSE:VNT)

Choate Investment Advisors lowered its position in shares of Vontier Co. (NYSE:VNT) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,658 shares of the company’s stock after selling 1,790 shares during the quarter. Choate Investment Advisors’ holdings in Vontier were worth $3,416,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VNT. Global X Japan Co. Ltd. grew its holdings 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 worth $27,000 after purchasing an additional 431 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Vontier during the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its position in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after acquiring an additional 700 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Vontier during the 4th quarter worth approximately $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Vontier during the 4th quarter worth approximately $99,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

Shares of VNT opened at $33.19 on Friday. The business’s 50 day moving average is $37.08 and its two-hundred day moving average is $36.39. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.23 and a beta of 1.26. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. Analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, March 6th. Vontier’s dividend payout ratio is currently 3.64%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Barclays boosted their price target on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. Citigroup reduced their price target on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Robert W. Baird upped their target price on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. 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, Vontier presently has an average rating of “Moderate Buy” and a consensus price target of $45.43.

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.