11,015 Shares in Vontier Corporation (NYSE:VNT) Bought by Penserra Capital Management LLC

Penserra Capital Management LLC purchased a new position in shares of Vontier Corporation (NYSE:VNT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,015 shares of the company's stock, valued at approximately $361,000.

Other hedge funds have also bought and sold shares of the company. Olde Wealth Management LLC bought a new position in Vontier in the 1st quarter valued at about $36,000. Lazard Asset Management LLC acquired a new stake in shares of Vontier in the 4th quarter valued at approximately $73,000. GAMMA Investing LLC boosted its stake in shares of Vontier by 60.1% in the 1st 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. Wealthquest Corp acquired a new stake in shares of Vontier in the 1st quarter valued at approximately $80,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Vontier by 44.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after purchasing an additional 700 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Trading Down 0.9%

NYSE:VNT traded down $0.36 during mid-day trading on Friday, hitting $38.26. 470,273 shares of the company's stock were exchanged, compared to its average volume of 927,564. The company has a 50 day simple moving average of $36.41 and a 200-day simple moving average of $35.40. 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 Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The firm has a market capitalization of $5.66 billion, a P/E ratio of 15.55, a PEG ratio of 1.35 and a beta of 1.30.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The business had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same period last year, the company earned $0.74 EPS. The firm's revenue was down 1.9% compared to the same quarter last year. As a group, research analysts expect 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 issued 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 payout ratio is 4.07%.

Insider Transactions at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the firm'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 transaction of $266,880.96. Following the completion of the transaction, the senior vice president owned 88,248 shares in the company, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Citigroup reduced their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Evercore ISI raised their price target 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.