Olstein Capital Management L.P. Sells 15,000 Shares of Vontier Co. (NYSE:VNT)

Olstein Capital Management L.P. cut its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 292,000 shares of the company's stock after selling 15,000 shares during the period. Vontier comprises 1.8% of Olstein Capital Management L.P.'s portfolio, making the stock its 8th biggest position. Olstein Capital Management L.P. owned 0.20% of Vontier worth $9,592,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VNT. Lazard Asset Management LLC purchased a new position in shares of Vontier during the fourth quarter valued at $73,000. Farther Finance Advisors LLC grew its holdings 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 in the last quarter. Covestor Ltd increased its position in Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after purchasing an additional 976 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Vontier in the 4th quarter valued at about $98,000. Finally, Colonial Trust Co SC raised its holdings in shares of Vontier by 34.4% in the 4th quarter. Colonial Trust Co SC now owns 2,688 shares of the company's stock valued at $98,000 after purchasing an additional 688 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the transaction, the senior vice president now directly owns 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by insiders.

Vontier Stock Up 1.2%

NYSE VNT traded up $0.45 on Monday, hitting $36.54. The stock had a trading volume of 808,602 shares, compared to its average volume of 915,624. The business's fifty day moving average price is $33.13 and its 200 day moving average price is $35.62. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.23 and a beta of 1.31. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. Vontier Co. has a 52-week low of $27.22 and a 52-week high of $41.61.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. During the same quarter last year, the company earned $0.74 earnings per share. The company's quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier's dividend payout ratio (DPR) is presently 4.07%.

Analyst Upgrades and Downgrades

VNT has been the topic of a number of recent research reports. Evercore ISI increased their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Barclays increased their target price on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Citigroup reduced their price target on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird upped their price objective on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Two investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.83.

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.