Vontier Co. (NYSE:VNT) Position Trimmed by Bank of America Corp DE

Bank of America Corp DE lessened its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 760,239 shares of the company's stock after selling 183,227 shares during the period. Bank of America Corp DE owned about 0.51% of Vontier worth $27,726,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VNT. Global X Japan Co. Ltd. grew its position in shares of Vontier by 137.7% during 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 last quarter. Farther Finance Advisors LLC increased its holdings in shares of Vontier by 44.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after acquiring an additional 700 shares during the period. Covestor Ltd boosted 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 purchasing an additional 976 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Vontier during the fourth quarter worth approximately $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Vontier in the 4th quarter worth approximately $99,000. 95.83% of the stock is currently owned by institutional investors.

Insider Activity at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 88,248 shares of the company's stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is owned by insiders.

Vontier Price Performance

VNT stock traded down $1.00 on Wednesday, hitting $35.64. 1,007,857 shares of the company's stock traded hands, compared to its average volume of 904,873. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 1.23 and a beta of 1.29. Vontier Co. has a 1-year low of $27.22 and a 1-year high of $41.61. The stock has a fifty day moving average of $32.56 and a 200-day moving average of $35.91.

Vontier (NYSE:VNT - Get Free Report) last issued 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. The business had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. On average, analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Thursday, June 5th. Vontier's dividend payout ratio (DPR) is currently 4.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI boosted their price target on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday. Barclays increased their target price on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Citigroup reduced their price target 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, Robert W. Baird raised their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Vontier presently has an average rating of "Moderate Buy" and a consensus target price of $44.83.

Vontier Company 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.