HB Wealth Management LLC Acquires New Position in Vontier Corporation (NYSE:VNT)

HB Wealth Management LLC bought a new position in Vontier Corporation (NYSE:VNT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,909 shares of the company's stock, valued at approximately $227,000.

A number of other institutional investors have also recently bought and sold shares of VNT. Olde Wealth Management LLC acquired a new stake in Vontier during the first quarter worth approximately $36,000. Lazard Asset Management LLC bought a new stake in shares of Vontier during the 4th quarter valued at approximately $73,000. GAMMA Investing LLC raised its position in Vontier by 60.1% in the first 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 bought a new position in Vontier during the 1st quarter worth $80,000. Finally, Covestor Ltd raised its stake in Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after buying an additional 976 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Insider Transactions at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction dated Monday, May 12th. The shares were 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 of the company's stock, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on VNT. The Goldman Sachs Group restated a "neutral" rating on shares of Vontier in a report on Thursday, July 31st. Argus raised shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research report on Tuesday. Barclays reaffirmed an "overweight" rating on shares of Vontier in a report on Monday. Robert W. Baird increased their price objective on Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Citigroup reaffirmed a "buy" rating and set a $45.00 price objective (up from $37.00) on shares of Vontier in a report on Monday, July 14th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.14.

Vontier Stock Down 1.1%

Shares of NYSE:VNT traded down $0.45 during trading on Thursday, hitting $40.10. The stock had a trading volume of 532,577 shares, compared to its average volume of 983,880. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The firm's fifty day moving average is $37.75 and its 200 day moving average is $35.76. Vontier Corporation has a 12 month low of $27.22 and a 12 month high of $42.00. The company has a market capitalization of $5.88 billion, a PE ratio of 15.27, a PEG ratio of 1.37 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Vontier had a return on equity of 41.96% and a net margin of 12.99%. The company had revenue of $773.50 million during the quarter, compared to the consensus estimate of $734.23 million. During the same period last year, the company earned $0.63 EPS. Vontier's revenue for the quarter was up 11.1% on a year-over-year basis. Analysts anticipate that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. Vontier's payout ratio is presently 3.80%.

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.