Oak Thistle LLC Acquires 17,227 Shares of Vontier Corporation (NYSE:VNT)

Oak Thistle LLC lifted its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 75.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,204 shares of the company's stock after buying an additional 17,227 shares during the period. Oak Thistle LLC's holdings in Vontier were worth $1,321,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Vontier by 1.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 93,871 shares of the company's stock valued at $3,084,000 after purchasing an additional 1,027 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Vontier by 6.6% in the 1st quarter. Allianz Asset Management GmbH now owns 193,476 shares of the company's stock valued at $6,356,000 after acquiring an additional 12,021 shares in the last quarter. Bailard Inc. lifted its position in shares of Vontier by 1.0% in the 1st quarter. Bailard Inc. now owns 61,812 shares of the company's stock valued at $2,031,000 after acquiring an additional 605 shares in the last quarter. Banyan Capital Management Inc. boosted its holdings in shares of Vontier by 0.6% during the first quarter. Banyan Capital Management Inc. now owns 405,458 shares of the company's stock worth $13,319,000 after purchasing an additional 2,268 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Vontier by 10.5% in the first quarter. Signaturefd LLC now owns 10,593 shares of the company's stock worth $348,000 after acquiring an additional 1,010 shares during the last quarter. Institutional investors own 95.83% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have recently commented on VNT. Evercore ISI increased their price target on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Citigroup reiterated a "buy" rating and set a $45.00 target price (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Finally, Barclays boosted 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

Vontier Stock Up 1.8%

Shares of Vontier stock traded up $0.70 on Friday, hitting $39.68. The company had a trading volume of 819,687 shares, compared to its average volume of 958,069. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $40.99. The stock has a 50-day moving average of $36.96 and a 200-day moving average of $35.51. The firm has a market capitalization of $5.87 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.38 and a beta of 1.30. 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 (NYSE:VNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. The firm had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 earnings per share. Research analysts predict that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's dividend payout ratio is 4.07%.

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.