Franklin Resources Inc. Sells 9,139 Shares of Vontier Co. (NYSE:VNT)

Franklin Resources Inc. cut its holdings in Vontier Co. (NYSE:VNT – Get Rating) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,221,405 shares of the company’s stock after selling 9,139 shares during the period. Franklin Resources Inc. owned 0.77% of Vontier worth $23,610,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VNT. Quadrant Capital Group LLC increased its stake in shares of Vontier by 58.0% in the third quarter. Quadrant Capital Group LLC now owns 2,647 shares of the company’s stock worth $44,000 after purchasing an additional 972 shares during the period. Covestor Ltd increased its stake in Vontier by 90.4% during the first quarter. Covestor Ltd now owns 2,340 shares of the company’s stock valued at $59,000 after acquiring an additional 1,111 shares during the period. EverSource Wealth Advisors LLC increased its stake in Vontier by 71.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,191 shares of the company’s stock valued at $62,000 after acquiring an additional 1,333 shares during the period. Atlas Capital Advisors LLC increased its stake in Vontier by 89,500.0% during the second quarter. Atlas Capital Advisors LLC now owns 2,688 shares of the company’s stock valued at $62,000 after acquiring an additional 2,685 shares during the period. Finally, Signaturefd LLC increased its stake in Vontier by 93.9% during the third quarter. Signaturefd LLC now owns 3,791 shares of the company’s stock valued at $63,000 after acquiring an additional 1,836 shares during the period. 92.48% of the stock is currently owned by institutional investors.

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Vontier Stock Up 2.8 %

Shares of VNT opened at $30.03 on Tuesday. The company has a market capitalization of $4.67 billion, a P/E ratio of 20.15, a PEG ratio of 3.74 and a beta of 1.27. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.52 and a quick ratio of 1.12. Vontier Co. has a one year low of $16.55 and a one year high of $30.07. The business’s 50 day simple moving average is $27.30 and its 200-day simple moving average is $23.86.

Vontier (NYSE:VNT – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $776.40 million for the quarter, compared to the consensus estimate of $725.03 million. Vontier had a return on equity of 87.50% and a net margin of 7.28%. Vontier’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. As a group, sell-side analysts predict that Vontier Co. will post 2.83 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, May 31st. Vontier’s payout ratio is currently 6.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VNT shares. Barclays boosted their price target on Vontier from $31.00 to $34.00 in a research note on Wednesday, May 10th. Credit Suisse Group boosted their price target on Vontier from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, March 17th. Argus boosted their price target on Vontier from $32.00 to $35.00 in a research note on Friday, May 19th. Citigroup lifted their price objective on Vontier from $22.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 17th. Finally, TheStreet raised Vontier from a “d+” rating to a “c-” rating in a report on Monday, February 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Vontier currently has an average rating of “Hold” and an average price target of $28.83.

Vontier Company Profile

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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