Bank of America Corp DE Sells 183,227 Shares of Vontier Co. (NYSE:VNT)

Bank of America Corp DE decreased its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 19.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 760,239 shares of the company's stock after selling 183,227 shares during the quarter. Bank of America Corp DE owned about 0.51% of Vontier worth $27,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VNT. Allspring Global Investments Holdings LLC raised its holdings in Vontier by 2,814.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock worth $10,164,000 after buying an additional 272,166 shares during the period. Proficio Capital Partners LLC acquired a new stake in Vontier during the 4th quarter worth approximately $508,000. Integrated Investment Consultants LLC raised its holdings in Vontier by 14.7% during the 4th quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock worth $2,461,000 after buying an additional 8,657 shares during the period. Wolverine Asset Management LLC acquired a new stake in Vontier during the 4th quarter worth approximately $2,918,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Vontier by 48.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock worth $888,000 after buying an additional 7,909 shares during the period. Institutional investors own 95.83% of the company's stock.

Insider Activity at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction on 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 approximately $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is owned by company insiders.

Vontier Stock Down 1.4%

Shares of NYSE VNT traded down $0.52 during midday trading on Friday, reaching $35.29. The company's stock had a trading volume of 541,753 shares, compared to its average volume of 908,566. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.23 and a beta of 1.29. The stock has a 50 day simple moving average of $32.69 and a 200-day simple moving average of $35.88.

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

Vontier Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on VNT. Evercore ISI raised their target price on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday. Barclays raised their target price on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Robert W. Baird raised their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Finally, Citigroup dropped their target price on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vontier presently has an average rating of "Moderate Buy" and an average price target of $44.83.

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.