Massachusetts Financial Services Co. MA Sells 28,154 Shares of Vontier Corporation (NYSE:VNT)

Massachusetts Financial Services Co. MA trimmed its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,166,834 shares of the company's stock after selling 28,154 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.79% of Vontier worth $38,330,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. increased its stake in Vontier by 2.2% during the 4th quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock valued at $448,000 after buying an additional 270 shares during the period. Foundry Partners LLC boosted its holdings in shares of Vontier by 1.9% during the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock worth $631,000 after purchasing an additional 324 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Vontier by 3.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock valued at $301,000 after acquiring an additional 337 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Vontier by 5.0% in the fourth quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock valued at $257,000 after acquiring an additional 338 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Vontier by 2.8% in the fourth quarter. Advisory Services Network LLC now owns 16,184 shares of the company's stock valued at $590,000 after purchasing an additional 439 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VNT shares. 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. Barclays upped their price target on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Citigroup reiterated a "buy" rating and set a $45.00 price target (up previously from $37.00) on shares of Vontier in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Vontier currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.33.

Insider Transactions at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the 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 completion of the sale, the senior vice president directly owned 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.97% of the company's stock.

Vontier Trading Down 0.0%

Shares of VNT stock traded down $0.01 on Friday, reaching $38.44. The company had a trading volume of 853,067 shares, compared to its average volume of 937,188. 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 stock has a market cap of $5.69 billion, a PE ratio of 13.12, a PEG ratio of 1.34 and a beta of 1.30. The company has a 50-day moving average of $36.73 and a 200-day moving average of $35.43. Vontier Corporation has a 12 month low of $27.22 and a 12 month 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. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The business had revenue of $741.10 million during the quarter, compared to analysts' expectations of $723.06 million. During the same period in the prior year, the business earned $0.74 EPS. Vontier's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier's payout ratio is 4.07%.

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.