Vontier Corporation (NYSE:VNT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 5,158.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,566 shares of the company's stock after buying an additional 71,186 shares during the period. GAMMA Investing LLC's holdings in Vontier were worth $2,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Vontier during the 4th quarter valued at $73,000. Farther Finance Advisors LLC raised its stake in shares of Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after purchasing an additional 700 shares during the period. Covestor Ltd lifted its position in shares of Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after purchasing an additional 976 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Vontier in the fourth quarter valued at $98,000. Finally, Colonial Trust Co SC grew its holdings in Vontier by 34.4% during the 4th quarter. Colonial Trust Co SC now owns 2,688 shares of the company's stock valued at $98,000 after purchasing an additional 688 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Down 1.9%

NYSE:VNT traded down $0.70 during mid-day trading on Tuesday, reaching $35.55. The stock had a trading volume of 636,211 shares, compared to its average volume of 919,469. 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 company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.27 and a beta of 1.31. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $41.61. The stock's 50 day simple moving average is $34.04 and its two-hundred day simple moving average is $35.51.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.77 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 company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same quarter last year, the business posted $0.74 EPS. Vontier's quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.025 per share. 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 (DPR) is 4.07%.

Wall Street Analysts Forecast Growth

VNT has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price objective on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Citigroup cut their price target on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Evercore ISI raised their price objective on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, Barclays lifted their price objective on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a report 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.com, Vontier has an average rating of "Moderate Buy" and an average target price of $44.83.

Insider Transactions at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier 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 owns 88,248 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.97% of the company's stock.

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.