Vontier Corporation (NYSE:VNT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 329,102 shares of the company's stock after selling 11,653 shares during the quarter. New York State Common Retirement Fund owned about 0.22% of Vontier worth $10,811,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new stake in Vontier during the 1st quarter worth approximately $36,000. Lazard Asset Management LLC acquired a new stake in Vontier during the 4th quarter worth approximately $73,000. GAMMA Investing LLC lifted its position in 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 during the period. Wealthquest Corp acquired a new stake in Vontier during the 1st quarter worth approximately $80,000. Finally, Farther Finance Advisors LLC lifted its position in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

Insider Buying and Selling

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company's stock in a transaction dated 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 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 SEC, which is available through this hyperlink. 0.97% of the stock is owned by corporate insiders.

Vontier Price Performance

Shares of NYSE VNT traded down $0.01 during trading on Friday, reaching $38.44. The company had a trading volume of 853,067 shares, compared to its average volume of 938,871. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $40.99. The stock has a market capitalization of $5.69 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The stock has a 50-day moving average price of $36.80 and a two-hundred day moving average price of $35.44. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.89.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. The business had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. As a group, sell-side analysts predict that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders 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 annualized dividend and a yield of 0.26%. Vontier's dividend payout ratio is presently 4.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VNT. Citigroup reissued a "buy" rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a report on Monday, July 14th. Evercore ISI raised their price target on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Barclays raised their price target on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Vontier currently has an average rating of "Moderate Buy" and an average price target 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.