Vontier Co. (NYSE:VNT) Short Interest Down 29.1% in August

Vontier Co. (NYSE:VNT) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,480,000 shares, a decrease of 29.1% from the August 15th total of 3,500,000 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 2.3 days.

Institutional investors have recently modified their holdings of the business. Profund Advisors LLC raised its position in shares of Vontier by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 10,580 shares of the company’s stock valued at $345,000 after buying an additional 310 shares in the last quarter. Weiss Multi Strategy Advisers LLC boosted its stake in shares of Vontier by 1.0% in the 2nd quarter. Weiss Multi Strategy Advisers LLC now owns 34,694 shares of the company’s stock valued at $1,130,000 after purchasing an additional 328 shares during the last quarter. Advisor Partners LLC boosted its stake in Vontier by 4.4% during the first quarter. Advisor Partners LLC now owns 7,990 shares of the company’s stock worth $242,000 after acquiring an additional 337 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Vontier by 5.1% during the first quarter. Commonwealth Equity Services LLC now owns 7,947 shares of the company’s stock worth $240,000 after buying an additional 388 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Vontier by 5.2% in the first quarter. Kestra Advisory Services LLC now owns 8,788 shares of the company’s stock valued at $266,000 after purchasing an additional 436 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

VNT traded down $1.11 during mid-day trading on Monday, hitting $34.03. The stock had a trading volume of 1,275,950 shares, compared to its average volume of 1,790,096. The stock’s fifty day simple moving average is $34.18 and its 200-day simple moving average is $33.12. The company has a debt-to-equity ratio of 5.68, a current ratio of 1.89 and a quick ratio of 1.57. The firm has a market capitalization of $5.74 billion and a price-to-earnings ratio of 12.75. Vontier has a 1-year low of $26.36 and a 1-year high of $39.00.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, August 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The business had revenue of $724.60 million for the quarter, compared to analyst estimates of $678.19 million. Vontier had a net margin of 15.07% and a return on equity of 82.44%. The firm’s revenue was up 35.8% on a year-over-year basis. As a group, research analysts expect that Vontier will post 2.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 23rd. Investors of record on Thursday, September 2nd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Wednesday, September 1st. Vontier’s payout ratio is 4.05%.

VNT has been the subject of several analyst reports. Credit Suisse Group upped their price objective on Vontier from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, August 9th. Berenberg Bank began coverage on Vontier in a research note on Thursday, July 8th. They issued a “buy” rating and a $45.00 price objective for the company. Zacks Investment Research upgraded Vontier from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, August 10th. JPMorgan Chase & Co. assumed coverage on Vontier in a report on Thursday, May 27th. They set a “neutral” rating and a $37.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on Vontier in a report on Thursday, June 3rd. They issued a “neutral” rating and a $40.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Vontier currently has an average rating of “Buy” and an average target price of $40.50.

Vontier Company Profile

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

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