Envestnet Asset Management Inc. Trims Holdings in Vontier Corporation (NYSE:VNT)

Envestnet Asset Management Inc. decreased its position in Vontier Corporation (NYSE:VNT - Free Report) by 35.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 335,374 shares of the company's stock after selling 186,837 shares during the quarter. Envestnet Asset Management Inc. owned about 0.23% of Vontier worth $11,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new position in Vontier in the 1st quarter valued at about $36,000. Lazard Asset Management LLC acquired a new position in Vontier in the 4th quarter valued at about $73,000. GAMMA Investing LLC raised its stake in Vontier by 60.1% in the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after purchasing an additional 829 shares during the last quarter. Wealthquest Corp acquired a new position in Vontier in the 1st quarter valued at about $80,000. Finally, Covestor Ltd raised its stake in Vontier by 66.8% in the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after purchasing an additional 976 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Wall Street Analyst Weigh In

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

Vontier Trading Down 1.6%

VNT traded down $0.64 during midday trading on Thursday, hitting $38.97. The company's stock had a trading volume of 870,117 shares, compared to its average volume of 895,013. 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 firm has a market cap of $5.76 billion, a P/E ratio of 15.84, a PEG ratio of 1.38 and a beta of 1.30. The firm has a 50-day moving average price of $36.96 and a two-hundred day moving average price of $35.51. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $40.99.

Vontier (NYSE:VNT - Get Free Report) last posted 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. The firm had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The company's revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. On average, research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's dividend payout ratio 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 that occurred on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the transaction, the senior vice president owned 88,248 shares in the company, valued at $3,206,932.32. This represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is currently owned by corporate insiders.

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.