Assenagon Asset Management S.A. Invests $484,000 in Vontier Corporation (NYSE:VNT)

Assenagon Asset Management S.A. bought a new position in shares of Vontier Corporation (NYSE:VNT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,725 shares of the company's stock, valued at approximately $484,000.

Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in shares of Vontier during the 4th quarter worth about $73,000. GAMMA Investing LLC boosted its stake in shares of Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after buying an additional 829 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after buying an additional 700 shares during the last quarter. Covestor Ltd boosted its stake in shares of Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after buying an additional 976 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Vontier during the 4th quarter worth about $98,000. Institutional investors own 95.83% of the company's stock.

Insider Buying and Selling at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the transaction, the senior vice president now directly owns 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Evercore ISI increased their price objective on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Citigroup cut their target price 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, Barclays raised their target price 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.83.

Vontier Stock Performance

NYSE:VNT traded up $0.54 during mid-day trading on Monday, hitting $36.28. The stock had a trading volume of 636,722 shares, compared to its average volume of 917,621. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $41.61. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.25 and a beta of 1.31. The company's 50 day simple moving average is $34.48 and its 200 day simple moving average is $35.40. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.20 and a current ratio of 1.62.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.06. The firm had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The business's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. On average, equities research analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current 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. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.10 annualized dividend and a yield of 0.28%. Vontier's dividend payout ratio is currently 4.07%.

About Vontier

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.