Bank of New York Mellon Corp Cuts Stake in Vontier Corporation (NYSE:VNT)

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

Other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. grew its holdings in Vontier by 5.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company's stock worth $121,208,000 after purchasing an additional 173,542 shares during the period. Dimensional Fund Advisors LP raised its stake in Vontier by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company's stock valued at $97,260,000 after buying an additional 75,775 shares during the last quarter. Mackenzie Financial Corp raised its stake in Vontier by 0.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company's stock valued at $92,646,000 after buying an additional 20,649 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Vontier by 4.0% during the 4th quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company's stock valued at $91,740,000 after buying an additional 96,554 shares during the last quarter. Finally, Norges Bank purchased a new stake in Vontier during the 4th quarter valued at $64,869,000. 95.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the completion of the sale, the senior vice president owned 88,248 shares in the company, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is currently owned by company insiders.

Vontier Trading Up 0.1%

Vontier stock traded up $0.04 during trading on Wednesday, hitting $37.66. The company had a trading volume of 366,371 shares, compared to its average volume of 927,503. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $41.61. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.89. The company's 50 day simple moving average is $36.59 and its 200-day simple moving average is $35.40. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30.

Vontier (NYSE:VNT - Get Free Report) last posted its 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. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The firm had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. During the same quarter last year, the firm earned $0.74 EPS. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts expect that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were paid a $0.025 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. Vontier's dividend payout ratio (DPR) is 4.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VNT shares. Citigroup reaffirmed a "buy" rating and set a $45.00 price target (up previously from $37.00) on shares of Vontier in a report on Monday. Evercore ISI increased their price target on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, Barclays raised their price objective on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $46.33.

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.