New York State Teachers Retirement System boosted its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,630 shares of the company's stock after buying an additional 7,547 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Vontier worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VNT. Lazard Asset Management LLC acquired a new position in shares of Vontier in the fourth quarter valued at approximately $73,000. GAMMA Investing LLC boosted its stake in shares of Vontier by 60.1% during the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after purchasing an additional 829 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after buying an additional 700 shares during the period. Wealthquest Corp acquired a new position in Vontier during the 1st quarter worth approximately $80,000. Finally, Covestor Ltd grew its stake in shares of Vontier by 66.8% in 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.
Insiders Place Their Bets
In other news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president directly owned 88,248 shares in the company, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.97% of the company's stock.
Vontier Stock Down 0.4%
VNT traded down $0.15 during trading on Wednesday, reaching $38.08. 306,965 shares of the stock traded hands, compared to its average volume of 924,377. The stock's 50-day simple moving average is $36.05 and its two-hundred day simple moving average is $35.36. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30.
Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The business had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. Vontier had a return on equity of 41.99% and a net margin of 12.59%. Vontier's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. As a group, equities research analysts expect that Vontier Corporation will post 3.13 EPS for the current year.
Vontier Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were paid a $0.025 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier's payout ratio is 4.07%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on VNT. Citigroup reduced their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Evercore ISI boosted their target price on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Barclays upped their target price on shares of Vontier from $45.00 to $48.00 and gave the stock 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 assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.83.
Read Our Latest Stock Report on Vontier
About Vontier
(
Free Report)
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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