MQS Management LLC Makes New $465,000 Investment in Vontier Corporation (NYSE:VNT)

MQS Management LLC acquired a new stake in Vontier Corporation (NYSE:VNT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,142 shares of the company's stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New York State Teachers Retirement System grew its holdings in Vontier by 4.5% during the 1st quarter. New York State Teachers Retirement System now owns 175,630 shares of the company's stock worth $5,769,000 after acquiring an additional 7,547 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Vontier in the first quarter valued at approximately $975,000. Sequoia Financial Advisors LLC increased its stake in Vontier by 9.9% in the first quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock valued at $2,823,000 after purchasing an additional 7,743 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Vontier by 23.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,142 shares of the company's stock valued at $990,000 after purchasing an additional 5,800 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Vontier by 5,158.4% in the first quarter. GAMMA Investing LLC now owns 72,566 shares of the company's stock valued at $2,209,000 after purchasing an additional 71,186 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Stock Up 1.8%

Shares of Vontier stock traded up $0.68 on Thursday, hitting $38.39. The company had a trading volume of 1,831,766 shares, compared to its average volume of 936,070. The firm has a market capitalization of $5.68 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.32 and a beta of 1.30. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $41.36. 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 stock has a 50-day moving average of $36.73 and a 200-day moving average of $35.43.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, topping 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 business had revenue of $741.10 million during the quarter, compared to analysts' expectations of $723.06 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm's revenue was down 1.9% on a year-over-year basis. Research analysts predict 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 issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, June 5th. Vontier's payout ratio is 4.07%.

Insider Transactions at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company's 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Evercore ISI upped their target price on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Citigroup reaffirmed a "buy" rating and issued a $45.00 target price (up previously from $37.00) on shares of Vontier in a research note on Monday. Finally, Barclays upped their target price on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research note 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

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.