Skylands Capital LLC Sells 20,600 Shares of Vontier Corporation $VNT

by · The Cerbat Gem

Skylands Capital LLC trimmed its holdings in shares of Vontier Corporation (NYSE:VNT – Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,800 shares of the company’s stock after selling 20,600 shares during the period. Skylands Capital LLC’s holdings in Vontier were worth $1,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Corient Private Wealth LLC lifted its holdings in shares of Vontier by 104.6% during the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after purchasing an additional 2,450,723 shares in the last quarter. Norges Bank purchased a new position in Vontier in the 2nd quarter worth about $66,535,000. Franklin Resources Inc. lifted its stake in Vontier by 81.6% during the 2nd quarter. Franklin Resources Inc. now owns 2,824,376 shares of the company’s stock valued at $104,219,000 after acquiring an additional 1,269,063 shares during the period. Ceredex Value Advisors LLC boosted its holdings in shares of Vontier by 195.2% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,023,750 shares of the company’s stock valued at $37,776,000 after acquiring an additional 677,000 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Vontier by 24.5% in the second quarter. River Road Asset Management LLC now owns 3,115,850 shares of the company’s stock worth $114,975,000 after acquiring an additional 613,746 shares during the period. Institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. KeyCorp lowered their price objective on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Bank of America restated an “underperform” rating and issued a $40.00 price target (down from $50.00) on shares of Vontier in a research note on Friday, November 14th. Weiss Ratings cut Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Wall Street Zen downgraded Vontier from a “buy” rating to a “hold” rating in a report on Sunday, February 1st. Finally, Barclays reduced their price target on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.63.

Read Our Latest Report on VNT

Vontier Stock Down 0.1%

Shares of VNT stock opened at $42.52 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90. Vontier Corporation has a one year low of $27.22 and a one year high of $43.88. The company’s fifty day moving average price is $37.95 and its 200-day moving average price is $39.61. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.77 and a beta of 1.28.

About Vontier

(Free Report)

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.

Further Reading

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