New Age Alpha Advisors LLC Has $421,000 Stake in Vontier Corporation (NYSE:VNT)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Vontier Corporation by 62.2%, selling 21,084 shares and holding 12,815 shares valued at approximately $421,000.
• Vontier stock recently reported earnings per share of $0.79, surpassing analysts' estimates, with quarterly revenue of $773.50 million reflecting an 11.1% year-over-year increase.
• Analysts have set a new consensus price target of $47.14 for Vontier, with multiple brokerages issuing "buy" ratings and raising target prices recently.

New Age Alpha Advisors LLC trimmed its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 62.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,815 shares of the company's stock after selling 21,084 shares during the quarter. New Age Alpha Advisors LLC's holdings in Vontier were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its holdings in Vontier by 5.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company's stock valued at $121,208,000 after buying an additional 173,542 shares during the period. Dimensional Fund Advisors LP increased its holdings in Vontier by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company's stock valued at $97,260,000 after buying an additional 75,775 shares during the period. Mackenzie Financial Corp increased its holdings in Vontier by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company's stock valued at $92,646,000 after buying an additional 20,649 shares during the period. Ameriprise Financial Inc. increased its holdings in Vontier by 4.0% in the 4th quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company's stock valued at $91,740,000 after buying an additional 96,554 shares during the period. Finally, Royce & Associates LP increased its holdings in Vontier by 5.2% in the 1st quarter. Royce & Associates LP now owns 1,417,787 shares of the company's stock valued at $46,574,000 after buying an additional 70,528 shares during the period. 95.83% of the stock is owned by institutional investors.

Vontier Trading Up 2.0%

VNT traded up $0.85 during trading on Wednesday, reaching $42.89. 384,988 shares of the company's stock were exchanged, compared to its average volume of 981,599. Vontier Corporation has a one year low of $27.22 and a one year high of $42.97. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $6.29 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. The firm has a fifty day moving average price of $38.14 and a two-hundred day moving average price of $35.80.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The firm had revenue of $773.50 million for the quarter, compared to analyst estimates of $734.23 million. During the same period in the previous year, the firm posted $0.63 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a "neutral" rating on shares of Vontier in a report on Thursday, July 31st. Barclays reissued an "overweight" rating on shares of Vontier in a report on Monday, August 4th. Evercore ISI lifted 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. Wall Street Zen raised shares of Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Argus raised shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target on the stock in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.14.

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.