Cerity Partners LLC lessened its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 13.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,752 shares of the company's stock after selling 11,102 shares during the quarter. Cerity Partners LLC's holdings in Vontier were worth $2,390,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its holdings in Vontier by 3.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock valued at $301,000 after purchasing an additional 337 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Vontier by 21.0% in the 1st quarter. TD Private Client Wealth LLC now owns 5,747 shares of the company's stock valued at $189,000 after purchasing an additional 996 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Vontier in the 1st quarter valued at approximately $361,000. Olde Wealth Management LLC purchased a new stake in Vontier in the 1st quarter valued at approximately $36,000. Finally, New York State Teachers Retirement System boosted its holdings in Vontier by 4.5% in the 1st quarter. New York State Teachers Retirement System now owns 175,630 shares of the company's stock valued at $5,769,000 after purchasing an additional 7,547 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Citigroup reissued a "buy" rating and set a $45.00 price target (up previously from $37.00) on shares of Vontier in a research note on Monday, July 14th. Barclays lifted their price objective on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, 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. Two investment 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 presently has an average rating of "Moderate Buy" and an average target price of $46.33.
Read Our Latest Analysis on Vontier
Vontier Stock Down 0.0%
NYSE VNT traded down $0.01 during trading hours on Friday, hitting $38.44. The company had a trading volume of 853,067 shares, compared to its average volume of 938,871. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $40.99. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.34 and a beta of 1.30. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20. The firm's 50 day moving average is $36.80 and its 200 day moving average is $35.44.
Vontier (NYSE:VNT - Get Free Report) last announced 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. The company had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The company's revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Sell-side analysts anticipate 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. Stockholders of record on Thursday, June 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier's payout ratio is 4.07%.
Insider Transactions at Vontier
In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the transaction, the senior vice president owned 88,248 shares of the company's stock, valued at $3,206,932.32. This trade 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 at this link. 0.97% of the stock is owned by corporate insiders.
About Vontier
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Free Report)
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.
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