Vontier Corporation (NYSE:VNT) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. raised its position in Vontier Corporation (NYSE:VNT - Free Report) by 24.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 784,450 shares of the company's stock after purchasing an additional 153,882 shares during the period. Bessemer Group Inc. owned about 0.53% of Vontier worth $25,770,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in shares of Vontier in the fourth quarter valued at $73,000. GAMMA Investing LLC lifted its position in shares of Vontier by 60.1% in the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after acquiring an additional 829 shares in the last quarter. Wealthquest Corp purchased a new stake in shares of Vontier in the first quarter valued at $80,000. Farther Finance Advisors LLC lifted its position in shares of Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after acquiring an additional 700 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after acquiring an additional 976 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Barclays upped 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. Finally, Citigroup reduced their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.83.

Vontier Trading Down 0.8%

NYSE VNT traded down $0.30 during trading hours on Friday, hitting $37.00. 1,854,130 shares of the company's stock were exchanged, compared to its average volume of 919,888. The business's 50 day moving average is $35.04 and its 200-day moving average is $35.34. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $41.61. The firm has a market capitalization of $5.47 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31. 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 earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The firm had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same period in the prior year, the business posted $0.74 earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts anticipate that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors 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 annualized dividend and a yield of 0.27%. Vontier's dividend payout ratio (DPR) is presently 4.07%.

Insiders Place Their Bets

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company's stock in a transaction dated 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 now directly owns 88,248 shares in the company, valued at $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.97% of the stock is currently owned by insiders.

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.