Vontier Co. (NYSE:VNT) Brief Interest Update

Vontier Co. (NYSE:VNT – Get Free Report ) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 4,250,000 shares, a decrease of 13.1% from the August 31st total of 4,890,000 shares. Based on an average trading volume of 891,600 shares, the days-to-cover ratio is currently 4.8 days. About 2.8% of the company’s shares are short sold.

Hedge funds affect Vontier

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC purchased a new stake in shares of Vontier in the first quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new position in Vontier in the first quarter worth $30,000. Riverview Trust Co acquired a new position in Vontier in the 1st quarter worth $33,000. ORG Partners LLC purchased a new position in Vontier in the first quarter valued at $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Vontier in the second quarter valued at about $44,000. Hedge funds and other institutional investors own 95.83% of the company’s shares.

Vontier stocks rose 1.3%

Shares of VNT stock opened at $33.88 on Friday. The company has a market cap of $5.23 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. Vontier has a 12-month low of $28.84 and a 12-month high of $45.62. The company’s fifty-day simple moving average is $34.54, and its 200-day simple moving average is $38.53. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69, and a quick ratio of 1.26.

Vontier (NYSE:VNT – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). The company had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. As a group, equities research analysts forecast that Vontier will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were issued a $0.025 dividend. The ex-dividend date was Thursday, September 5. This represents a dividend of $0.10 on an annualized basis and a yield of 0.30%. Vontier’s payout ratio is 3.62%.

The Wall Street analyst weighs in

VNT has been the subject of several research reports. Barclays reduced their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Robert W. Baird cut their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Evercore ISI dropped their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25, according to MarketBeat.com.

Read our latest analysis on VNT

Vontier Company Profile

(Get a free report)

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 digital equipment solutions for the mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform and integrated alternative fuel distribution solutions.

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