Bessemer Group Inc. Buys 153,882 Shares of Vontier Corporation (NYSE:VNT)

Bessemer Group Inc. raised its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 24.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 784,450 shares of the company's stock after purchasing an additional 153,882 shares during the quarter. Bessemer Group Inc. owned 0.53% of Vontier worth $25,770,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VNT. Benjamin Edwards Inc. boosted its holdings in shares of Vontier by 2.2% in the fourth quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock worth $448,000 after buying an additional 270 shares during the last quarter. Foundry Partners LLC raised its position in Vontier by 1.9% in the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock worth $631,000 after acquiring an additional 324 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Vontier by 5.0% during the 4th quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock worth $257,000 after acquiring an additional 338 shares during the last quarter. Bailard Inc. boosted its stake in shares of Vontier by 0.6% during the 4th quarter. Bailard Inc. now owns 61,207 shares of the company's stock worth $2,232,000 after acquiring an additional 356 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Vontier by 2.8% during the 4th quarter. Advisory Services Network LLC now owns 16,184 shares of the company's stock valued at $590,000 after acquiring an additional 439 shares during the period. 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 stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 88,248 shares of the company's stock, valued at $3,206,932.32. This trade represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is owned by corporate insiders.

Vontier Price Performance

Shares of VNT stock traded up $0.17 on Friday, hitting $37.47. 87,131 shares of the stock traded hands, compared to its average volume of 917,112. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $41.61. The firm has a 50 day simple moving average of $34.90 and a two-hundred day simple moving average of $35.41. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.29 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly 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. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The business had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. During the same quarter in the prior year, the business posted $0.74 EPS. Vontier's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Vontier Corporation will post 3.13 earnings per share 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 paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, June 5th. Vontier's dividend payout ratio (DPR) is presently 4.07%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup reduced their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Evercore ISI boosted their price target on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Barclays raised their price objective on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.