John G Ullman & Associates Inc. Sells 800 Shares of Vontier Co. (NYSE:VNT)

John G Ullman & Associates Inc. cut its stake in shares of Vontier Co. (NYSE:VNT) by 1.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 65,097 shares of the company’s stock after selling 800 shares during the period. John G Ullman & Associates Inc.’s holdings in Vontier were worth $2,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VNT. Rise Advisors LLC bought a new position in shares of Vontier during the first quarter valued at $27,000. Opal Wealth Advisors LLC bought a new stake in Vontier in the 1st quarter worth about $30,000. Riverview Trust Co bought a new stake in Vontier in the 1st quarter worth about $33,000. Benjamin F. Edwards & Company Inc. bought a new stake in Vontier in the 4th quarter worth about $35,000. Finally, International Assets Investment Management LLC increased its holdings in Vontier by 3,355.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock worth $45,000 after buying an additional 1,275 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

Shares of Vontier stock traded up $1.00 during trading hours on Thursday, reaching $39.71. 595,116 shares of the stock traded hands, compared to its average volume of 738,506. The company has a 50 day moving average price of $39.31 and a 200 day moving average price of $39.40. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.11 and a beta of 1.29. Vontier Co. has a one year low of $28.84 and a one year high of $45.62. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business had revenue of $755.80 million during the quarter, compared to the consensus estimate of $754.50 million. During the same period in the previous year, the company posted $0.68 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. Vontier’s payout ratio is currently 3.62%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VNT. Citigroup lifted their price objective on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Argus lifted their price objective on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.