Clark Estates Inc. NY Reduces Position in Vontier Corporation (NYSE:VNT)

Key Points

• Clark Estates Inc. NY reduced its holdings in Vontier Corporation by 27.6%, owning 60,674 shares valued at approximately $1.99 million after selling 23,167 shares in the first quarter.
• Vontier reported a quarterly earnings per share (EPS) of $0.77, exceeding estimates of $0.71, despite a 1.9% year-over-year decline in revenue.
• The stock has an average target price of $46.33 among analysts, with two analysts rating it as a hold and five issuing buy ratings.

Clark Estates Inc. NY decreased its stake in Vontier Corporation (NYSE:VNT - Free Report) by 27.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,674 shares of the company's stock after selling 23,167 shares during the period. Clark Estates Inc. NY's holdings in Vontier were worth $1,993,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in Vontier during the 4th quarter valued at approximately $64,869,000. Millennium Management LLC increased its stake in Vontier by 659.9% in the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company's stock valued at $31,380,000 after buying an additional 747,196 shares during the period. J. Goldman & Co LP purchased a new stake in shares of Vontier during the fourth quarter worth $17,478,000. Capital World Investors boosted its position in Vontier by 39.4% during the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company's stock valued at $41,155,000 after purchasing an additional 318,775 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Vontier by 821.7% in the fourth quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company's stock worth $11,731,000 after acquiring an additional 286,774 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.97% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Citigroup reissued a "buy" rating and issued a $45.00 price target (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. Finally, Barclays lifted their price objective on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.33.

Vontier Trading Down 0.4%

Vontier stock traded down $0.17 during mid-day trading on Wednesday, hitting $39.76. The stock had a trading volume of 1,393,263 shares, compared to its average volume of 842,002. 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 stock has a market capitalization of $5.88 billion, a PE ratio of 16.16, a P/E/G ratio of 1.39 and a beta of 1.30. The stock has a 50-day simple moving average of $37.22 and a two-hundred day simple moving average of $35.61. Vontier Corporation has a 12 month low of $27.22 and a 12 month high of $40.99.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $723.06 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

The business also recently declared 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. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's dividend payout ratio is currently 4.07%.

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.