Lecap Asset Management Ltd. Purchases 23,830 Shares of Vontier Corporation (NYSE:VNT)

Lecap Asset Management Ltd. raised its stake in Vontier Corporation (NYSE:VNT - Free Report) by 384.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,028 shares of the company's stock after acquiring an additional 23,830 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Vontier were worth $986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC bought a new position in shares of Vontier in the first quarter worth about $975,000. Proficio Capital Partners LLC bought a new position in shares of Vontier in the fourth quarter worth about $508,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Vontier by 48.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock worth $888,000 after acquiring an additional 7,909 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Vontier by 5,158.4% in the first quarter. GAMMA Investing LLC now owns 72,566 shares of the company's stock worth $2,209,000 after acquiring an additional 71,186 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Vontier by 14.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company's stock worth $2,852,000 after acquiring an additional 9,833 shares during the last quarter. Institutional investors own 95.83% of the company's stock.

Vontier Trading Down 0.8%

Shares of NYSE:VNT traded down $0.30 during mid-day trading on Friday, hitting $37.00. The company had a trading volume of 1,854,130 shares, compared to its average volume of 919,888. The firm has a fifty day moving average price of $35.04 and a 200 day moving average price of $35.34. The company has a market capitalization of $5.47 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20. Vontier Corporation has a one year low of $27.22 and a one year high of $41.61.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The company had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. During the same quarter in the previous year, the business posted $0.74 EPS. Vontier's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, June 5th. Vontier's payout ratio is currently 4.07%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore ISI increased 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 dropped their target price on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Barclays raised their price objective on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.83.

Insider Activity at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following 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 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 insiders.

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.