Klein Pavlis & Peasley Financial Inc. Raises Stake in Vontier Co. (NYSE:VNT)

Klein Pavlis & Peasley Financial Inc. increased its stake in shares of Vontier Co. (NYSE:VNT) by 3.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 35,300 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Vontier were worth $1,191,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VNT. ORG Partners LLC purchased a new stake in Vontier during the 1st quarter worth about $35,000. International Assets Investment Management LLC increased its stake 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 during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Vontier in the 2nd quarter worth about $44,000. Headlands Technologies LLC bought a new position in Vontier in the 1st quarter worth about $46,000. Finally, Fifth Third Bancorp increased its stake in Vontier by 32.0% in the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock worth $124,000 after acquiring an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

VNT opened at $34.03 on Monday. The stock’s 50 day simple moving average is $33.88 and its 200 day simple moving average is $37.11. 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 Co. has a 1 year low of $28.97 and a 1 year high of $45.62. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.50 and a beta of 1.27.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a return on equity of 49.17% and a net margin of 13.43%. The business had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $746.43 million. During the same quarter last year, the business posted $0.67 EPS. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, analysts predict that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The firm 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. This represents a $0.10 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is currently 3.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VNT shares. Evercore ISI reduced their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Robert W. Baird reduced their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays reduced their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.