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

Penserra Capital Management LLC acquired a new position in Vontier Corporation (NYSE:VNT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,015 shares of the company's stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Olde Wealth Management LLC bought a new position in Vontier during the first quarter worth $36,000. New York State Teachers Retirement System increased its holdings in Vontier by 4.5% in the 1st quarter. New York State Teachers Retirement System now owns 175,630 shares of the company's stock valued at $5,769,000 after buying an additional 7,547 shares during the period. Skylands Capital LLC increased its holdings in Vontier by 153.2% in the 1st quarter. Skylands Capital LLC now owns 60,000 shares of the company's stock valued at $1,971,000 after buying an additional 36,300 shares during the period. KPP Advisory Services LLC increased its holdings in Vontier by 21.7% in the 1st quarter. KPP Advisory Services LLC now owns 20,858 shares of the company's stock valued at $685,000 after buying an additional 3,719 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Vontier by 9.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock valued at $2,823,000 after buying an additional 7,743 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vontier

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 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 owned 88,248 shares in the company, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

VNT has been the topic of several analyst reports. Evercore ISI upped their target price on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Citigroup reiterated a "buy" rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a research report on Monday. Finally, Barclays increased their target price on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

Vontier Trading Down 2.1%

Shares of NYSE:VNT traded down $0.82 during midday trading on Tuesday, hitting $37.63. 859,992 shares of the stock were exchanged, compared to its average volume of 928,261. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.34 and a beta of 1.30. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.20 and a current ratio of 1.62. The business's 50-day moving average price is $36.51 and its 200 day moving average price is $35.39. Vontier Corporation has a 12 month low of $27.22 and a 12 month high of $41.61.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. The company had revenue of $741.10 million for 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%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. 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. Shareholders of record on Thursday, June 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's dividend payout ratio (DPR) is presently 4.07%.

Vontier Company 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.