Dynamic Advisor Solutions LLC Makes New $975,000 Investment in Vontier Corporation (NYSE:VNT)

Dynamic Advisor Solutions LLC purchased a new stake in shares of Vontier Corporation (NYSE:VNT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 29,683 shares of the company's stock, valued at approximately $975,000.

A number of other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Vontier by 2,814.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock worth $10,164,000 after acquiring an additional 272,166 shares during the period. Van ECK Associates Corp raised its stake in shares of Vontier by 94.3% in the fourth quarter. Van ECK Associates Corp now owns 148,253 shares of the company's stock valued at $5,407,000 after acquiring an additional 71,963 shares during the period. Rhumbline Advisers increased its stake in Vontier by 0.9% in the 4th quarter. Rhumbline Advisers now owns 410,684 shares of the company's stock worth $14,978,000 after buying an additional 3,754 shares during the period. Principal Securities Inc. boosted its position in Vontier by 12.8% in the 4th quarter. Principal Securities Inc. now owns 4,636 shares of the company's stock valued at $169,000 after buying an additional 526 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Vontier by 5.4% in the 4th quarter. Truist Financial Corp now owns 1,415,317 shares of the company's stock worth $51,617,000 after purchasing an additional 72,787 shares during the period. Institutional investors own 95.83% of the company's stock.

Vontier Stock Down 0.0%

Shares of Vontier stock traded down $0.01 on Friday, hitting $35.71. 2,388,572 shares of the company's stock traded hands, compared to its average volume of 918,749. The stock has a market cap of $5.28 billion, a P/E ratio of 14.52, a PEG ratio of 1.25 and a beta of 1.31. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.89. The firm's 50-day moving average is $34.36 and its 200 day moving average is $35.44. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $41.61.

Vontier (NYSE:VNT - Get Free Report) last released its 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 firm had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. During the same period in the previous year, the company earned $0.74 earnings per share. Vontier's revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier's dividend payout ratio is currently 4.07%.

Insiders Place Their Bets

In other 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 sale, the senior vice president now directly owns 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. Company insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Evercore ISI raised their target price 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 reduced their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays boosted their target price on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $44.83.

About Vontier

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.