GAMMA Investing LLC Purchases 71,186 Shares of Vontier Co. (NYSE:VNT)

GAMMA Investing LLC lifted its stake in Vontier Co. (NYSE:VNT - Free Report) by 5,158.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,566 shares of the company's stock after acquiring an additional 71,186 shares during the period. GAMMA Investing LLC's holdings in Vontier were worth $2,209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. 111 Capital acquired a new stake in shares of Vontier in the fourth quarter worth $576,000. Wealth Enhancement Advisory Services LLC increased its holdings in Vontier by 13.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,760 shares of the company's stock valued at $247,000 after buying an additional 801 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Vontier in the 4th quarter valued at $3,386,000. Mackenzie Financial Corp increased its holdings in Vontier by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company's stock valued at $92,646,000 after buying an additional 20,649 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Vontier by 13.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 521,525 shares of the company's stock valued at $19,020,000 after buying an additional 61,690 shares during the period. Institutional investors and hedge funds own 95.83% of the company's stock.

Vontier Price Performance

Shares of NYSE:VNT traded down $1.01 on Friday, hitting $35.46. The stock had a trading volume of 527,743 shares, compared to its average volume of 920,329. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The firm's 50 day moving average price is $33.79 and its 200-day moving average price is $35.56. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same quarter in the previous year, the company earned $0.74 EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that Vontier Co. 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. Investors of record on Thursday, June 5th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. Vontier's dividend payout ratio is 4.07%.

Insider Activity at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction dated 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 now directly owns 88,248 shares of the company's stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on VNT. Barclays boosted their price target on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Robert W. Baird boosted their price target on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Citigroup lowered their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI boosted their price target on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vontier has an average rating of "Moderate Buy" and an average target price 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.