Vontier Co. (NYSE:VNT) Sees Significant Decrease in Short Interest

Vontier Co. (NYSE:VNTGet Rating) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,160,000 shares, a decline of 27.1% from the March 15th total of 8,450,000 shares. Based on an average daily volume of 1,960,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.9% of the company’s stock are sold short.

In related news, CAO Lynn Ross sold 1,000 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $25.41, for a total value of $25,410.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David H. Naemura acquired 8,500 shares of the stock in a transaction on Monday, March 7th. The shares were purchased at an average price of $22.85 per share, for a total transaction of $194,225.00. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank N A MO bought a new position in Vontier in the 4th quarter worth about $25,000. Front Street Capital Management Inc. bought a new position in Vontier in the 3rd quarter worth about $28,000. Covestor Ltd bought a new position in Vontier in the 4th quarter worth about $38,000. CWM LLC bought a new position in Vontier in the 4th quarter worth about $40,000. Finally, Trust Co. of Vermont bought a new position in Vontier in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 93.12% of the company’s stock.

Shares of NYSE:VNT traded up $0.15 during midday trading on Monday, reaching $25.16. 68,621 shares of the company traded hands, compared to its average volume of 1,891,040. The company has a quick ratio of 1.28, a current ratio of 1.58 and a debt-to-equity ratio of 4.50. Vontier has a 12 month low of $21.95 and a 12 month high of $37.08. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.26. The business’s fifty day moving average price is $24.74.

Vontier (NYSE:VNTGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. Vontier had a return on equity of 117.63% and a net margin of 13.81%. The company had revenue of $790.20 million for the quarter, compared to analyst estimates of $815.53 million. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Vontier will post 3.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 3rd were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 2nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. Vontier’s payout ratio is 4.12%.

A number of brokerages have recently issued reports on VNT. The Goldman Sachs Group lowered their price objective on Vontier from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Robert W. Baird downgraded Vontier from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $29.00 in a report on Friday, February 18th. Argus reduced their price objective on Vontier from $40.00 to $30.00 in a research note on Wednesday, March 23rd. Credit Suisse Group reduced their price objective on Vontier from $40.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, February 18th. Finally, Zacks Investment Research cut Vontier from a “buy” rating to a “hold” rating in a research report on Wednesday, March 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $35.40.

About Vontier (Get Rating)

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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