Cornercap Investment Counsel Inc. Sells 15,945 Shares of Vontier Co. (NYSE:VNT)

Cornercap Investment Counsel Inc. lessened its stake in Vontier Co. (NYSE:VNT) by 57.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,809 shares of the company’s stock after selling 15,945 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Vontier were worth $398,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VNT. International Assets Investment Management LLC boosted its stake in shares of Vontier by 2,976.5% during 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. Hazlett Burt & Watson Inc. purchased a new position in shares of Vontier during the 3rd quarter valued at $37,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Vontier during the 2nd quarter valued at $44,000. Headlands Technologies LLC purchased a new position in shares of Vontier during the 1st quarter valued at $46,000. Finally, Covestor Ltd lifted its stake 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 buying an additional 395 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Stock Down 2.2 %

VNT stock opened at $38.08 on Friday. The firm has a market cap of $5.72 billion, a PE ratio of 14.59, a P/E/G ratio of 1.78 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The firm’s fifty day moving average is $34.93 and its 200 day moving average is $36.82. Vontier Co. has a one year low of $31.22 and a one year high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. During the same period last year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, research analysts forecast that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s dividend payout ratio is presently 3.83%.

Wall Street Analysts Forecast Growth

VNT has been the topic of several research analyst reports. Evercore ISI decreased their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Barclays boosted their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird reduced their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three equities 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, the stock has an average rating of “Moderate Buy” and an average target price of $44.50.

Vontier 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.