MQS Management LLC Invests $465,000 in Vontier Corporation (NYSE:VNT)

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

A number of other hedge funds have also recently added to or reduced their stakes in VNT. DekaBank Deutsche Girozentrale increased its position in Vontier by 3.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock worth $301,000 after purchasing an additional 337 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Vontier by 21.0% in the first quarter. TD Private Client Wealth LLC now owns 5,747 shares of the company's stock valued at $189,000 after buying an additional 996 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Vontier during the first quarter worth $361,000. Olde Wealth Management LLC purchased a new position in Vontier in the first quarter worth $36,000. Finally, New York State Teachers Retirement System raised its position in Vontier by 4.5% in the first 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 in the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Insiders Place Their Bets

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the sale, the senior vice president directly owned 88,248 shares in the company, valued at $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VNT. Citigroup decreased their target price on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays raised their price objective 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. Finally, Evercore ISI upped their target price on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.83.

Vontier Trading Down 0.9%

NYSE:VNT opened at $38.26 on Monday. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $41.61. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.89. The stock has a fifty day simple moving average of $36.41 and a 200-day simple moving average of $35.38. The company has a market capitalization of $5.66 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30.

Vontier (NYSE:VNT - Get Free Report) last announced 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. The company had revenue of $741.10 million during the quarter, compared to analysts' expectations of $723.06 million. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, equities research analysts expect that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

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

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