New Age Alpha Advisors LLC Sells 21,084 Shares of 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 lowered its position in Vontier Corporation (NYSE:VNT - Free Report) by 62.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Olde Wealth Management LLC purchased a new position in Vontier in the first quarter valued at about $36,000. Lazard Asset Management LLC bought a new stake in shares of Vontier during the 4th quarter worth about $73,000. GAMMA Investing LLC boosted its stake in shares of Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after acquiring an additional 829 shares in the last quarter. Wealthquest Corp bought a new stake in shares of Vontier during the 1st quarter worth about $80,000. Finally, Covestor Ltd boosted its stake in shares of Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after acquiring an additional 976 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. Barclays reiterated an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. Evercore ISI upped their price target on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Robert W. Baird upped their price target on Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Finally, Wall Street Zen raised Vontier from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.14.

Vontier Stock Performance

Vontier stock traded up $1.60 during trading hours on Tuesday, hitting $41.97. The stock had a trading volume of 871,437 shares, compared to its average volume of 985,923. The company has a 50-day moving average of $38.03 and a two-hundred day moving average of $35.76. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The company has a market cap of $6.16 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.31. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $42.05.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $773.50 million during the quarter, compared to analysts' expectations of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%. The company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. On average, equities research analysts anticipate that Vontier Corporation will post 3.13 EPS for the current fiscal year.

About Vontier

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.