Redwood Investment Management LLC Takes $1.43 Million Position in Vontier Co. (NYSE:VNT)

Redwood Investment Management LLC bought a new stake in Vontier Co. (NYSE:VNT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,270 shares of the company's stock, valued at approximately $1,432,000.

Several other large investors have also recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. grew its holdings in Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after buying an additional 431 shares during the period. Lazard Asset Management LLC purchased a new stake in Vontier in the fourth quarter valued at approximately $73,000. Farther Finance Advisors LLC increased its position in Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after purchasing an additional 700 shares during the last quarter. Covestor Ltd raised its stake in Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after purchasing an additional 976 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in Vontier during the fourth quarter worth approximately $98,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Down 1.9%

Shares of VNT stock traded down $0.68 during mid-day trading on Wednesday, reaching $35.96. The company's stock had a trading volume of 216,763 shares, compared to its average volume of 901,888. The company's 50 day simple moving average is $32.56 and its 200-day simple moving average is $35.91. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. Vontier Co. has a 12-month low of $27.22 and a 12-month high of $41.61. The firm has a market capitalization of $5.32 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.71 by $0.06. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. During the same period last year, the company posted $0.74 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. On average, research analysts predict that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier's dividend payout ratio is presently 4.07%.

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the transaction, the senior vice president now directly owns 88,248 shares of the company's stock, valued at $3,206,932.32. This represents a 7.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VNT has been the subject of several research reports. Barclays boosted their price objective on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Evercore ISI boosted their price target on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday. Citigroup dropped their price target on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird lifted their price objective on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.83.

Vontier Profile

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.