Vontier Corporation (NYSE:VNT) Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,433,282 shares of the company's stock after selling 73,313 shares during the period. Bank of New York Mellon Corp owned about 0.97% of Vontier worth $47,083,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VNT. New York State Teachers Retirement System lifted its position in Vontier by 4.5% in the first quarter. New York State Teachers Retirement System now owns 175,630 shares of the company's stock valued at $5,769,000 after acquiring an additional 7,547 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Vontier in the first quarter valued at about $975,000. Sequoia Financial Advisors LLC raised its holdings in shares of Vontier by 9.9% in the first quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock valued at $2,823,000 after buying an additional 7,743 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Vontier by 23.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,142 shares of the company's stock valued at $990,000 after buying an additional 5,800 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Vontier by 5,158.4% in the first quarter. GAMMA Investing LLC now owns 72,566 shares of the company's stock valued at $2,209,000 after buying an additional 71,186 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other 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 dated 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 directly owned 88,248 shares in the company, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VNT. Evercore ISI increased their target price on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Citigroup reissued a "buy" rating and set a $45.00 price objective (up previously from $37.00) on shares of Vontier in a research note on Monday. Finally, Barclays upped 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

Vontier Stock Performance

NYSE:VNT traded up $0.68 during mid-day trading on Thursday, hitting $38.39. The stock had a trading volume of 1,831,766 shares, compared to its average volume of 936,070. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.32 and a beta of 1.30. The company has a 50 day simple moving average of $36.73 and a 200-day simple moving average of $35.43. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $41.36. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.89.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $723.06 million. Vontier had a net margin of 12.59% and a return on equity of 41.99%. Vontier's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS. On average, research analysts expect that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier's dividend payout ratio (DPR) is 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.