Vontier Corporation (NYSE:VNT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 242,748 shares of the company's stock after selling 39,088 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of Vontier worth $7,989,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in Vontier during the 4th quarter worth approximately $73,000. GAMMA Investing LLC lifted its stake in Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after acquiring an additional 829 shares during the period. Farther Finance Advisors LLC lifted its stake in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after acquiring an additional 700 shares during the period. Wealthquest Corp acquired a new stake in Vontier during the 1st quarter valued at approximately $80,000. Finally, Covestor Ltd lifted its stake in Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after acquiring an additional 976 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Price Performance

NYSE VNT traded up $0.46 on Tuesday, hitting $38.31. The company had a trading volume of 515,006 shares, compared to its average volume of 924,265. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $41.61. The company has a market capitalization of $5.67 billion, a PE ratio of 15.57, a PEG ratio of 1.34 and a beta of 1.30. The company's fifty day moving average price is $35.91 and its 200-day moving average price is $35.34. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The business had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts predict that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's dividend payout ratio is currently 4.07%.

Insider Activity

In related 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 sale, the senior vice president owned 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays lifted 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. Citigroup decreased their price objective on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Evercore ISI lifted their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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.